National Totals of State and Local Tax Revenue: T41 Corporation Net Income Taxes, 4 Quarters Ending for the United States
QTAXT414QEQTAXCAT1USNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
175,407.00
Year-over-Year Change
33.24%
Date Range
1/1/1992 - 1/1/2025
Summary
This economic trend measures state and local corporation net income tax revenue in the United States on a quarterly basis. It provides insights into business activity and state fiscal conditions.
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 National Totals of State and Local Tax Revenue: T41 Corporation Net Income Taxes metric tracks total net income tax revenue collected by state and local governments across the U.S. over a 4-quarter period. This data offers analysts a comprehensive view of trends in corporate tax payments and business profitability at the state level.
Methodology
The data is collected and aggregated by the U.S. Census Bureau from state and local tax revenue reports.
Historical Context
This metric is used by economists, policymakers, and investors to assess the broader economic climate and fiscal health of state and local governments.
Key Facts
- State and local governments collected over $60 billion in corporate net income taxes in 2021.
- Corporation net income taxes account for about 5% of total state and local tax revenue.
- Corporate tax revenue tends to be volatile, closely tracking the business cycle.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total net income taxes collected by state and local governments from corporations operating within their jurisdictions.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the overall health of the business environment and the fiscal conditions of state and local governments.
Q: How is this data collected or calculated?
A: The data is collected and aggregated by the U.S. Census Bureau from state and local tax revenue reports.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the business climate, state fiscal conditions, and the broader economic environment.
Q: Are there update delays or limitations?
A: The data is released quarterly with a delay of several months, so it may not reflect the most recent economic conditions.
Related Trends
Poverty Tax Exemptions Under Age 65 for Utah
PLT65EXMUT49A647NCEN
Age 65 and Over, Poverty Tax Exemptions for Arkansas
PAGEXMAR5A647NCEN
State Tax Collections: T10 Alcoholic Beverages Sales Tax for Florida
QTAXT10QTAXCAT3FLNO
State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Alabama
QTAXT28QTAXCAT3ALNO
State Tax Collections: T24 Motor Vehicles License for Texas
QTAXT24QTAXCAT3TXNO
State Tax Collections: T24 Motor Vehicles License for Wisconsin
QTAXT24QTAXCAT3WINO
Citation
U.S. Federal Reserve, National Totals of State and Local Tax Revenue: T41 Corporation Net Income Taxes, 4 Quarters Ending for the United States (QTAXT414QEQTAXCAT1USNO), retrieved from FRED.