State Tax Collections: T22 Corporations in General License for Idaho
This dataset tracks state tax collections: t22 corporations in general license for idaho over time.
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend tracks corporate tax collections in the state of Idaho, providing insights into the financial health and taxable activities of 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 Idaho' series measures the quarterly tax revenue generated from corporate income taxes paid by businesses located in Idaho. This data is used by economists, policymakers, and analysts to assess the state's economic performance and tax policy landscape.
Methodology
The data is collected and reported by the U.S. Census Bureau based on quarterly tax filings from corporations in Idaho.
Historical Context
This trend is a key indicator of the corporate tax environment and business climate within the state, informing economic and fiscal policy decisions.
Key Facts
- Idaho corporate tax collections averaged $302 million per quarter in 2021.
- Corporate taxes account for approximately 20% of Idaho's total tax revenue.
- Idaho's corporate tax rate is a flat 6.5% on taxable income.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly tax revenue collected from corporations operating in the state of Idaho, providing insights into the financial health and taxable activities of businesses in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the corporate tax environment and business climate in Idaho, informing economic and fiscal policy decisions by policymakers, analysts, and investors.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on quarterly tax filings from corporations in Idaho.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and analysts to assess the state's economic performance and inform decisions related to tax policy, business incentives, and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is reported quarterly, with a typical release lag of 2-3 months. There may be revisions to prior-period data as new information becomes available.
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Citation
U.S. Federal Reserve, State Tax Collections: T22 Corporations in General License for Idaho (QTAXT22QTAXCAT3IDNO), retrieved from FRED.