State Tax Collections: T22 Corporations in General License for Nevada
This dataset tracks state tax collections: t22 corporations in general license for nevada over time.
Latest Value
24.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures the total tax collections from corporations in Nevada. It provides insight into the financial health and economic activity of the corporate sector within 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 Nevada series tracks the quarterly tax revenue generated from corporate license fees and other general taxes on corporations operating in Nevada. This data is used by economists and policymakers to assess the business climate and economic performance of the state.
Methodology
The data is collected directly from the Nevada Department of Taxation.
Historical Context
This trend is relevant for analyzing the state's fiscal position, business environment, and economic growth.
Key Facts
- Nevada does not have a state personal income tax.
- Corporate tax collections account for about 10% of Nevada's total tax revenue.
- Nevada's corporate tax rate is 4.6%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax collections from corporations in the state of Nevada, including license fees and other general taxes on businesses.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the financial health and economic activity of the corporate sector within Nevada, which is relevant for assessing the state's business climate and economic performance.
Q: How is this data collected or calculated?
A: The data is collected directly from the Nevada Department of Taxation.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the state's fiscal position, business environment, and economic growth.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a short delay for compilation and publication.
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Citation
U.S. Federal Reserve, State Tax Collections: T22 Corporations in General License for Nevada (QTAXT22QTAXCAT3NVNO), retrieved from FRED.