State Tax Collections: T22 Corporations in General License for District of Columbia
QTAXT22QTAXCAT3DCNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-66.67%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state-level tax collections from corporations in Washington, D.C. under general business license taxes. It provides insight into the tax revenue generated from corporate activity in the district.
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 District of Columbia data series tracks quarterly tax receipts from corporations subject to the District of Columbia's general business license taxes. This metric is used by policymakers and economists to analyze the financial health and economic performance of the district.
Methodology
The data is collected and reported by the U.S. Census Bureau through state government tax revenue surveys.
Historical Context
This trend is relevant for understanding the Washington, D.C. economy and informing fiscal and economic policies.
Key Facts
- Corporate tax collections account for approximately 10% of D.C.'s total tax revenue.
- Revenues from this tax have grown by 15% over the past 5 years.
- The effective corporate tax rate in D.C. is 8.25%.
FAQs
Q: What does this economic trend measure?
A: This trend measures quarterly tax collections from corporations in Washington, D.C. that are subject to the district's general business license taxes.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial health and economic performance of the District of Columbia, which is useful for policymakers and economists analyzing the local economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through state government tax revenue surveys.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding D.C.'s fiscal position and informing economic and taxation policies in the district.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, State Tax Collections: T22 Corporations in General License for District of Columbia (QTAXT22QTAXCAT3DCNO), retrieved from FRED.