National Totals of State Tax Revenue: T41 Corporation Net Income Taxes, 4 Quarters Ending for the United States
QTAXT414QEQTAXCAT2USNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
161,489.00
Year-over-Year Change
35.17%
Date Range
1/1/1992 - 1/1/2025
Summary
This data series tracks quarterly state-level corporate income tax revenue in the United States. It provides insights into the overall health of state tax systems and corporate profitability.
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 Tax Revenue: T41 Corporation Net Income Taxes metric represents the sum of state-level corporate income tax collections across the U.S. over a trailing 4-quarter period. It is a key indicator of state fiscal conditions and corporate economic performance.
Methodology
The data is collected and aggregated by the U.S. Census Bureau from state-level tax revenue reports.
Historical Context
Policymakers and analysts use this metric to assess the macroeconomic climate and state budget outlooks.
Key Facts
- Corporate income taxes account for over 6% of total state tax revenue.
- This metric reached a record high of $84 billion in Q4 2021.
- State corporate tax collections declined sharply during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total amount of corporate income taxes collected by state governments in the United States over a 4-quarter period.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial health of state governments and the profitability of corporations operating in the U.S.
Q: How is this data collected or calculated?
A: The data is aggregated by the U.S. Census Bureau from state-level tax revenue reports.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the macroeconomic climate and state budget outlooks.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of several months.
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Citation
U.S. Federal Reserve, National Totals of State Tax Revenue: T41 Corporation Net Income Taxes, 4 Quarters Ending for the United States (QTAXT414QEQTAXCAT2USNO), retrieved from FRED.