State Government Tax Collections, Corporations in General Licenses in Arizona
AZCORPLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,081.00
Year-over-Year Change
186.00%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures corporate license tax collections by the state government of Arizona. It provides insight into the financial health and activity of businesses operating 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, Corporations in General Licenses in Arizona series tracks the total revenue collected by the Arizona state government from corporate license taxes. This data point is an important indicator of the overall business climate and economic conditions within the state.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government fiscal activities.
Historical Context
Policymakers and economists monitor this trend to assess the strength of the Arizona business environment and its implications for state budgets and economic growth.
Key Facts
- Arizona collects over $300 million annually in corporate license taxes.
- Corporate license tax revenues account for approximately 5% of total state tax collections in Arizona.
- Corporate tax collections in Arizona have grown by 20% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue collected by the Arizona state government from corporate license taxes, providing insight into the financial health and activity of businesses operating in the state.
Q: Why is this trend relevant for users or analysts?
A: This data point is an important indicator of the overall business climate and economic conditions within Arizona, and is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government fiscal activities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the strength of the Arizona business environment and its implications for state budgets and economic growth.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Census Bureau, with minimal delays in reporting.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Corporations in General Licenses in Arizona (AZCORPLICTAX), retrieved from FRED.