State Government Tax Collections, Corporations in General Licenses in Delaware
DECORPLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,344,614.00
Year-over-Year Change
196.57%
Date Range
1/1/1942 - 1/1/2024
Summary
The 'State Government Tax Collections, Corporations in General Licenses in Delaware' trend measures the revenue collected by the Delaware state government from corporate license fees. This data is an important indicator of business activity and economic health 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
This series tracks the total amount of tax revenue generated by the state of Delaware through fees and licenses paid by corporations operating within its borders. It provides insight into the level of business and commercial activity in the state, which is closely tied to broader economic conditions.
Methodology
The data is collected and reported by the Delaware Department of Finance.
Historical Context
Policymakers and economists monitor this trend to gauge the strength of Delaware's business environment and overall economic performance.
Key Facts
- Delaware has no personal income tax, making it an attractive state for businesses.
- Corporate license fees account for a significant portion of Delaware's state revenue.
- The DECORPLICTAX trend has shown volatility during periods of economic uncertainty.
FAQs
Q: What does this economic trend measure?
A: The 'State Government Tax Collections, Corporations in General Licenses in Delaware' trend measures the revenue collected by the Delaware state government from corporate license fees.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the level of business and commercial activity in Delaware, which is closely tied to the state's broader economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Delaware Department of Finance.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to gauge the strength of Delaware's business environment and overall economic conditions.
Q: Are there update delays or limitations?
A: The DECORPLICTAX trend may be subject to periodic revisions and can display volatility during times of economic uncertainty.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Corporations in General Licenses in Delaware (DECORPLICTAX), retrieved from FRED.