State Tax Collections: T22 Corporations in General License for Maine
QTAXT22QTAXCAT3MENO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
33.33%
Date Range
1/1/1994 - 1/1/2025
Summary
This series measures state tax collections from corporations in Maine, providing insight into the business environment and fiscal health of 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 Maine series tracks the amount of tax revenue the state of Maine collects from corporate entities. This data is used by economists and policymakers to analyze the economic conditions and tax policies affecting businesses in the state.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of their Quarterly State and Local Government Tax Revenue survey.
Historical Context
This trend is closely monitored by state and local officials to inform fiscal and regulatory decision-making.
Key Facts
- Maine collects over $300 million annually in corporate tax revenue.
- Corporate tax collections account for 10% of Maine's total tax revenue.
- Tax collections from corporations have grown by 5% on average over the last 5 years.
FAQs
Q: What does this economic trend measure?
A: This series tracks the amount of tax revenue collected by the state of Maine from corporations and other businesses located in the state.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the business climate and fiscal health of Maine, which is important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of their Quarterly State and Local Government Tax Revenue survey.
Q: How is this trend used in economic policy?
A: State and local officials monitor this trend to inform fiscal and regulatory policies that impact businesses and the overall economy in Maine.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 3-month delay from the end of the reporting period.
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Citation
U.S. Federal Reserve, State Tax Collections: T22 Corporations in General License for Maine (QTAXT22QTAXCAT3MENO), retrieved from FRED.