State Government Tax Collections, Occupation and Business Licenses in Virginia
VABUSLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
424,152.00
Year-over-Year Change
130.64%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures state government tax collections from occupation and business licenses in Virginia. It provides insight into the business and employment climate 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, Occupation and Business Licenses in Virginia' series tracks tax revenue generated by the Commonwealth of Virginia from licensing fees and taxes on various occupations and business activities. This data point is a key indicator of economic activity and business growth within the state.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax collection.
Historical Context
Policymakers and economists use this metric to gauge the overall health of Virginia's economy and business environment.
Key Facts
- Virginia collected over $300 million in occupation and business license taxes in 2021.
- This trend has shown steady growth over the past decade, reflecting Virginia's vibrant business climate.
- The data is released quarterly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the tax revenue collected by the state government of Virginia from various occupation and business licensing fees.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the overall business and employment climate in Virginia, which is valuable for policymakers, economists, and market analysts.
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.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to gauge the health of Virginia's economy and business environment, which can inform decisions and policies.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Census Bureau, so there may be some delay in availability.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Occupation and Business Licenses in Virginia (VABUSLICTAX), retrieved from FRED.