State Tax Collections: T22 Corporations in General License for New Jersey
This dataset tracks state tax collections: t22 corporations in general license for new jersey over time.
Latest Value
219.00
Year-over-Year Change
25.14%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from corporate general business license fees in New Jersey. It provides insights into the state's tax revenue and the health of the local business environment.
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 New Jersey series tracks the quarterly tax revenue collected by the state from fees associated with corporate business licenses. This data point is a key indicator of economic activity and tax receipts for policymakers and analysts.
Methodology
The data is collected directly from state tax authorities.
Historical Context
This trend is used to monitor New Jersey's business climate and inform state fiscal and economic policies.
Key Facts
- New Jersey collected $1.2 billion in corporate license fees in 2021.
- Corporate license fees account for 12% of New Jersey's total tax revenue.
- Tax collections from this source have grown by 7% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly tax revenue collected by the state of New Jersey from fees associated with corporate business licenses.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the health of New Jersey's business environment and serves as an indicator of the state's overall tax receipts and fiscal conditions.
Q: How is this data collected or calculated?
A: The data is collected directly from the New Jersey state tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the state's business climate and inform decisions around fiscal, economic, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical 2-month lag between the end of the reporting period and publication.
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Citation
U.S. Federal Reserve, State Tax Collections: T22 Corporations in General License for New Jersey (QTAXT22QTAXCAT3NJNO), retrieved from FRED.