State Tax Collections: T22 Corporations in General License for South Dakota
QTAXT22QTAXCAT3SDNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures tax collections from corporations under the general license tax category in South Dakota. It provides insights into the fiscal health and economic activity of the state's corporate sector.
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 South Dakota trend tracks the total tax revenue collected by the state government from corporations operating under the general license tax category. This data point is a key indicator of corporate profitability and economic conditions within South Dakota.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of their quarterly state and local government tax revenue statistics.
Historical Context
Policymakers and economists analyze this trend to understand the broader economic climate and potential revenue streams for the state government.
Key Facts
- South Dakota has no corporate income tax.
- The general license tax category includes various business-related fees and taxes.
- This trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state of South Dakota from corporations operating under the general license tax category.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the fiscal health and economic activity of South Dakota's corporate sector, which is relevant for policymakers, economists, and investors.
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 statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand the broader economic climate and potential revenue streams for the South Dakota state government.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a short delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, State Tax Collections: T22 Corporations in General License for South Dakota (QTAXT22QTAXCAT3SDNO), retrieved from FRED.