State Government Tax Collections, Hunting and Fishing Licenses in South Carolina
SCHUNTLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,703.00
Year-over-Year Change
41.41%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend tracks state government tax collections from hunting and fishing licenses in South Carolina. It provides insight into outdoor recreational activity and associated tax revenue in the state.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The State Government Tax Collections, Hunting and Fishing Licenses in South Carolina series measures the total tax revenue collected by the state government from the sale of hunting and fishing licenses. This data point is used by policymakers and economists to monitor trends in outdoor recreation and the associated economic activity.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax collection records.
Historical Context
This trend is relevant for understanding the economic impact of outdoor recreation and wildlife management policies in South Carolina.
Key Facts
- South Carolina collected $15.3 million in hunting and fishing license taxes in 2021.
- Hunting and fishing license tax revenue accounts for 0.4% of South Carolina's total state tax collections.
- License sales and associated tax revenue have grown by 8% in South Carolina over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state government of South Carolina from the sale of hunting and fishing licenses.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into outdoor recreational activity and associated economic activity in South Carolina, which is relevant for policymakers and economists studying the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax collection records.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to monitor the economic impact of outdoor recreation and wildlife management policies in South Carolina.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Hunting and Fishing Licenses in South Carolina (SCHUNTLICTAX), retrieved from FRED.