State Tax Collections: T22 Corporations in General License for the United States
QTAXT22QTAXCAT3USNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,220.00
Year-over-Year Change
-13.01%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures corporate tax collections by U.S. states, providing insights into the business climate and fiscal policies across the country.
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 the United States' series tracks the total amount of corporate tax revenue collected by state governments. This data is used by economists and policymakers to analyze the health of the business environment and the effectiveness of state tax policies.
Methodology
The data is collected directly from state revenue agencies and compiled by the U.S. Census Bureau.
Historical Context
Trends in state corporate tax collections are closely monitored by investors, businesses, and government officials to assess economic conditions and guide policy decisions.
Key Facts
- Corporate tax collections account for approximately 5% of total state tax revenue.
- State corporate tax rates range from 0% to 12%, with an average of around 6%.
- Corporate tax collections tend to be cyclical, rising during economic expansions and falling during recessions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of corporate tax revenue collected by U.S. state governments, providing insights into the business climate and fiscal policies across the country.
Q: Why is this trend relevant for users or analysts?
A: Trends in state corporate tax collections are closely monitored by investors, businesses, and government officials to assess economic conditions and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected directly from state revenue agencies and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers use this data to analyze the health of the business environment and the effectiveness of state tax policies, which informs decisions on tax rates, incentives, and other measures to attract and retain businesses.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 3-month delay, and may not capture all tax collections due to differences in state reporting practices.
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Citation
U.S. Federal Reserve, State Tax Collections: T22 Corporations in General License for the United States (QTAXT22QTAXCAT3USNO), retrieved from FRED.