State Tax Collections: T41 Corporation Net Income Taxes for California
QTAXT41QTAXCAT3CANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,038.00
Year-over-Year Change
-45.56%
Date Range
1/1/1994 - 1/1/2025
Summary
This series measures California's quarterly corporation net income tax collections, providing insight into the state's corporate tax revenue and economic 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 corporation net income tax is a key component of California's overall tax revenue, reflecting the financial performance and taxable income of businesses operating in the state. This metric is closely monitored by policymakers and analysts to gauge the strength of California's economy.
Methodology
The data is collected and reported quarterly by the California Franchise Tax Board.
Historical Context
Trends in corporation net income tax collections are used to inform state budgeting, fiscal policy, and economic forecasting.
Key Facts
- California is the largest state economy in the U.S.
- Corporation net income taxes account for over 10% of California's total tax revenue.
- Quarterly tax collections can vary significantly due to economic conditions and policy changes.
FAQs
Q: What does this economic trend measure?
A: This metric tracks quarterly corporation net income tax collections in the state of California, providing insight into the tax revenue generated from corporate profits.
Q: Why is this trend relevant for users or analysts?
A: Trends in California's corporation net income tax collections are closely monitored by policymakers, economists, and investors to gauge the strength of the state's economy and corporate sector.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the California Franchise Tax Board, the state agency responsible for administering and collecting corporation taxes.
Q: How is this trend used in economic policy?
A: Trends in corporation net income tax collections are used to inform state budgeting, fiscal policy decisions, and economic forecasting in California.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a short delay for compilation and publication.
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Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for California (QTAXT41QTAXCAT3CANO), retrieved from FRED.