State Tax Collections: T22 Corporations in General License for Alabama
QTAXT22QTAXCAT3ALNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.00
Year-over-Year Change
-44.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures state tax collections from corporate general license taxes in Alabama. It provides insight into the economic activity and tax contributions 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 Tax Collections: T22 Corporations in General License for Alabama metric tracks the revenue collected by the state government from corporate licensing and registration fees. This data point is used by economists and policymakers to analyze trends in business activity and tax receipts within Alabama.
Methodology
The data is collected directly from state revenue agencies.
Historical Context
This metric is relevant for understanding the fiscal health and economic climate in Alabama.
Key Facts
- Alabama's corporate general license tax collections were $XX.XX billion in 20XX.
- This tax contributed approximately X% of the state's total tax revenue in 20XX.
- Corporate tax collections have grown by X% over the past 5 years in Alabama.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the tax revenue collected by the state of Alabama from corporate general licensing and registration fees.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the level of business activity and corporate tax contributions within the Alabama economy, which is useful for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected directly from Alabama state revenue agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the fiscal health and business climate in Alabama, which can inform decisions around tax policy, economic development initiatives, and budget planning.
Q: Are there update delays or limitations?
A: This data is typically published on a quarterly basis with a 1-2 month delay.
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Citation
U.S. Federal Reserve, State Tax Collections: T22 Corporations in General License for Alabama (QTAXT22QTAXCAT3ALNO), retrieved from FRED.