State Tax Collections: T22 Corporations in General License for Arkansas
QTAXT22QTAXCAT3ARNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
80.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures corporate license tax collections for the state of Arkansas. It provides insights into the tax burden and business climate for 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 Arkansas' metric tracks the total revenue collected by the state of Arkansas from corporate license taxes. This data series is used by policymakers, economists, and businesses to analyze the tax environment and overall economic conditions in the state.
Methodology
The data is collected and reported by the U.S. Census Bureau through state-level tax collection surveys.
Historical Context
This metric is relevant for understanding the business and fiscal policy landscape in Arkansas.
Key Facts
- Arkansas corporate license tax collections total over $100 million annually.
- Corporate license taxes account for around 3% of total state tax revenue in Arkansas.
- Tax collections have grown by 15% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of corporate license tax revenue collected by the state of Arkansas. It provides insight into the tax burden and business climate for corporations operating in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for understanding the fiscal policy and economic conditions in Arkansas. It is used by policymakers, economists, and businesses to analyze the tax environment and overall business climate in the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through state-level tax collection surveys.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and businesses to assess the tax burden and overall business climate in Arkansas. It informs decision-making around fiscal policy, economic development, and corporate location decisions.
Q: Are there update delays or limitations?
A: There may be a several month delay in the reporting of this data by the Census Bureau. The data also only captures corporate license tax collections at the state level, and does not include local or federal corporate tax figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T22 Corporations in General License for Arkansas (QTAXT22QTAXCAT3ARNO), retrieved from FRED.