State Tax Collections: T41 Corporation Net Income Taxes for Arizona
QTAXT41QTAXCAT3AZNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
258.00
Year-over-Year Change
84.29%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures corporate net income tax collections in the state of Arizona. It provides important insights into the financial health and tax burden of businesses operating in the state.
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: T41 Corporation Net Income Taxes for Arizona series tracks the total amount of net income taxes paid by corporations to the state government. This data is used by economists, policymakers, and businesses to analyze the tax environment and economic conditions in Arizona.
Methodology
The data is collected and reported by the U.S. Census Bureau through quarterly surveys of state tax authorities.
Historical Context
This trend is closely monitored by state and local governments, as well as businesses, to understand the tax climate and make informed policy and investment decisions.
Key Facts
- Arizona's corporate net income tax rate is 4.9%.
- Tax collections from this source account for approximately 10% of the state's total tax revenue.
- Corporate net income tax collections have fluctuated with economic conditions in Arizona.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of net income taxes paid by corporations to the state government of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the tax burden and financial health of businesses operating in Arizona, which is useful for policymakers, economists, and companies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through quarterly surveys of state tax authorities.
Q: How is this trend used in economic policy?
A: State and local governments, as well as businesses, closely monitor this trend to understand the tax climate and make informed policy and investment decisions.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a delay of a few months in the most recent figures being available.
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Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for Arizona (QTAXT41QTAXCAT3AZNO), retrieved from FRED.