State Government Tax Collections, Corporations in General Licenses in Arkansas
ARCORPLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39,370.00
Year-over-Year Change
59.46%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state-level corporate license tax collections in Arkansas. It provides insight into the corporate tax burden and revenue generation for state governments.
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, Corporations in General Licenses in Arkansas data series tracks the revenue received by the Arkansas state government from corporate license taxes. This metric is used by economists and policymakers to analyze the corporate tax environment and its impact on business activity within the state.
Methodology
The data is collected directly from Arkansas state government tax records.
Historical Context
This trend is relevant for understanding Arkansas' tax policies and the overall business climate in the state.
Key Facts
- Arkansas collected $31.2 million in corporate license taxes in 2021.
- Corporate license taxes account for 2.5% of Arkansas' total state tax revenue.
- The corporate license tax rate in Arkansas is 0.3% of a company's net taxable income.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue collected by the state government of Arkansas from corporate license taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the corporate tax burden and revenue generation for the Arkansas state government, which is relevant for understanding the state's business climate and tax policies.
Q: How is this data collected or calculated?
A: The data is collected directly from Arkansas state government tax records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze the corporate tax environment and its impact on business activity within the state of Arkansas.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Corporations in General Licenses in Arkansas (ARCORPLICTAX), retrieved from FRED.