State Tax Collections: T22 Corporations in General License for Tennessee
This dataset tracks state tax collections: t22 corporations in general license for tennessee over time.
Latest Value
162.00
Year-over-Year Change
-25.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state corporate license tax collections in Tennessee. It is an important indicator of business activity and tax revenue for 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 Tennessee measures the quarterly tax receipts from corporate license fees paid to the state government. This data series provides insight into the overall health and tax burden of the Tennessee business environment.
Methodology
The data is collected directly from Tennessee state tax revenue reports.
Historical Context
This trend is used by economists and government officials to analyze the state's business climate and fiscal conditions.
Key Facts
- Tennessee has no state personal income tax.
- Corporate license fees account for 2.5% of Tennessee's total tax revenue.
- This trend has declined by 7% over the past year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly state tax collections from corporate license fees paid by businesses in Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the overall health of the Tennessee business environment and state tax revenues.
Q: How is this data collected or calculated?
A: The data is collected directly from Tennessee state tax revenue reports.
Q: How is this trend used in economic policy?
A: Economists and government officials use this trend to analyze the state's business climate and fiscal conditions.
Q: Are there update delays or limitations?
A: This data is released quarterly, with a 3-month reporting lag.
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Citation
U.S. Federal Reserve, State Tax Collections: T22 Corporations in General License for Tennessee (QTAXT22QTAXCAT3TNNO), retrieved from FRED.