State Government Tax Collections, Corporations in General Licenses in Indiana
INCORPLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,620.00
Year-over-Year Change
77.42%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic indicator measures the total tax revenue collected by the state government of Indiana from corporate license taxes. It provides insights into the financial health and economic activity of corporations 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 Indiana trend tracks the revenue generated by the state government through taxes levied on corporate licenses. This data point is used by economists and policymakers to assess the overall business climate and economic conditions in Indiana.
Methodology
The data is collected and reported by the Indiana Department of Revenue.
Historical Context
This trend is relevant for understanding the tax burden and regulatory environment for corporations doing business in Indiana.
Key Facts
- Indiana collected $178 million in corporate license taxes in 2021.
- Corporate license taxes account for approximately 5% of Indiana's total state tax revenue.
- The trend has shown steady growth over the past decade, reflecting the state's pro-business policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state government of Indiana from corporate license taxes.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the financial health and economic activity of corporations operating in Indiana, which is relevant for understanding the state's business climate and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Indiana Department of Revenue.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the tax burden and regulatory environment for corporations doing business in Indiana.
Q: Are there update delays or limitations?
A: The data is typically published with a short delay, and may be subject to revisions as the state collects and verifies the tax information.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Corporations in General Licenses in Indiana (INCORPLICTAX), retrieved from FRED.