NAICS Code 921130-05 - State Government-Finance & Taxation

Marketing Level - NAICS 8-Digit

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NAICS CODE 921130-05
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NAICS Code 921130-05 Description (8-Digit)

State Government-Finance & Taxation is a subdivision of Public Finance Activities industry that involves the management of financial resources and taxation policies of state governments. This industry is responsible for ensuring that the state government has the necessary funds to operate and provide services to its citizens. State Government-Finance & Taxation includes a range of activities such as budgeting, accounting, auditing, revenue collection, debt management, and financial planning.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 921130 page

Tools

Tools commonly used in the State Government-Finance & Taxation industry for day-to-day tasks and operations.

  • Tax preparation software
  • Accounting software
  • Budgeting software
  • Financial analysis software
  • Debt management software
  • Electronic payment systems
  • Data analytics tools
  • Risk management software
  • Investment management software
  • Financial reporting software

Industry Examples of State Government-Finance & Taxation

Common products and services typical of NAICS Code 921130-05, illustrating the main business activities and contributions to the market.

  • State tax collection agencies
  • State treasury departments
  • State comptroller offices
  • State budget offices
  • State auditor offices
  • State revenue departments
  • State financial planning agencies
  • State debt management offices
  • State investment boards
  • State pension funds

History

A concise historical narrative of NAICS Code 921130-05 covering global milestones and recent developments within the United States.

  • The State Government-Finance & Taxation industry has a long history dating back to the earliest forms of government. In ancient times, rulers levied taxes on their subjects to fund their activities. In the United States, the industry has its roots in the colonial period when the British government imposed taxes on the colonies to pay for the French and Indian War. The Boston Tea Party, a key event in the American Revolution, was a protest against British taxation policies. In the 20th century, the industry saw significant growth as state governments expanded their activities and responsibilities. In recent years, the industry has faced challenges such as budget deficits, unfunded pension liabilities, and declining tax revenues due to economic downturns.