State Government Tax Collections, Corporation Net Income Taxes in Montana
MTCORPINCTX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
310,370.00
Year-over-Year Change
134.49%
Date Range
1/1/1942 - 1/1/2024
Summary
The 'State Government Tax Collections, Corporation Net Income Taxes in Montana' trend measures the total corporation net income tax revenue collected by the state government of Montana. This provides insight into corporate profitability and economic activity within 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 tax payments made by corporations on their net income in the state of Montana. It represents an important revenue source for the state government and is used to analyze corporate profitability, investment, and the overall business climate.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax collection agencies.
Historical Context
Policymakers and analysts use this metric to assess the health of Montana's corporate sector and its contribution to state tax revenues.
Key Facts
- Montana collected $237 million in corporate net income taxes in 2021.
- Corporate net income taxes account for 7% of total state tax revenue in Montana.
- The trend has grown at an average annual rate of 3.2% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of corporation net income taxes collected by the state government of Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the profitability and economic activity of corporations operating within Montana, which is an important factor for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax collection agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of Montana's corporate sector and its contribution to state tax revenues, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Corporation Net Income Taxes in Montana (MTCORPINCTX), retrieved from FRED.