State Tax Collections: T22 Corporations in General License for Hawaii
This dataset tracks state tax collections: t22 corporations in general license for hawaii over time.
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures corporate tax collections in Hawaii, providing insights into the state's business activity and fiscal health.
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 Hawaii metric tracks the quarterly tax revenue generated from corporate income and license fees in the state. This data is used by policymakers and analysts to monitor the performance of Hawaii's business sector and assess the state's fiscal position.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government tax agencies.
Historical Context
This trend is closely watched by economists and state budget officials to gauge the strength of Hawaii's economy and inform policy decisions.
Key Facts
- Hawaii's corporate tax revenue totaled $233 million in Q4 2022.
- Corporate taxes account for 12% of Hawaii's total tax collections.
- Corporate tax collections in Hawaii have grown by 8% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly corporate tax revenue collected by the state of Hawaii, including income taxes and license fees paid by businesses.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and activity of Hawaii's business sector, which is crucial for assessing the state's fiscal position and informing economic and tax policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state and local government tax agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to gauge the strength of Hawaii's economy and inform decisions on state budgets, tax policy, and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months, so it may not reflect the most recent economic conditions in Hawaii.
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Citation
U.S. Federal Reserve, State Tax Collections: T22 Corporations in General License for Hawaii (QTAXT22QTAXCAT3HINO), retrieved from FRED.