State Tax Collections: T22 Corporations in General License for Montana
QTAXT22QTAXCAT3MTNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-75.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures corporate income tax collections in the state of Montana. It is an important indicator of business activity and tax revenue for state policymakers.
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 Montana' series tracks quarterly corporate income tax receipts in Montana. This data is used by economists and fiscal analysts to monitor the health of the state's business environment and assess the impacts of tax policy changes.
Methodology
The data is collected directly from the Montana Department of Revenue's tax revenue reporting.
Historical Context
This trend provides insight into Montana's economic conditions and is referenced by state officials when evaluating budgets and making policy decisions.
Key Facts
- Corporate income tax is a major revenue source for the state of Montana.
- Quarterly corporate tax collections in Montana averaged $60 million from 2015-2020.
- Montana's corporate tax rate is currently 6.75%.
FAQs
Q: What does this economic trend measure?
A: This trend measures quarterly corporate income tax collections in the state of Montana. It provides insight into the business activity and tax revenue in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for economists, policymakers, and analysts to monitor the health of Montana's business environment and the impacts of state tax policy.
Q: How is this data collected or calculated?
A: The data is collected directly from the Montana Department of Revenue's tax revenue reporting.
Q: How is this trend used in economic policy?
A: State officials reference this trend when evaluating budgets and making decisions about fiscal and economic policies in Montana.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a typical 2-3 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, State Tax Collections: T22 Corporations in General License for Montana (QTAXT22QTAXCAT3MTNO), retrieved from FRED.