State Tax Collections: T22 Corporations in General License for Iowa
QTAXT22QTAXCAT3IANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.00
Year-over-Year Change
90.91%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures corporate tax collections for general business licenses in the state of Iowa. It provides insight into the economic activity and tax burden faced by businesses 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 Iowa metric tracks the total amount of tax revenue collected by the state from corporate business licenses. This data point is used by economists and policymakers to analyze the financial health of the business sector and the state's overall tax environment.
Methodology
The data is collected directly from the Iowa Department of Revenue.
Historical Context
This metric is closely watched by state lawmakers, economic development agencies, and companies evaluating the business climate in Iowa.
Key Facts
- Iowa has a corporate tax rate of 9.8%.
- Corporate tax collections account for 16% of Iowa's total state tax revenue.
- General business licenses are required for all companies operating in Iowa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of corporate tax revenue collected by the state of Iowa from general business licenses.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial health of Iowa's business sector and the overall tax burden faced by companies operating in the state.
Q: How is this data collected or calculated?
A: The data is collected directly from the Iowa Department of Revenue.
Q: How is this trend used in economic policy?
A: State lawmakers, economic development agencies, and businesses use this metric to evaluate Iowa's business climate and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a 2-month lag, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Tax Collections: T22 Corporations in General License for Iowa (QTAXT22QTAXCAT3IANO), retrieved from FRED.