State Tax Collections: T41 Corporation Net Income Taxes for District of Columbia
QTAXT41QTAXCAT3DCNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
242.00
Year-over-Year Change
52.20%
Date Range
1/1/1994 - 1/1/2025
Summary
This series measures net income tax collections by the District of Columbia government. It provides insight into the economic conditions and tax revenue in the nation's capital.
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 District of Columbia data series tracks the net revenue from corporate income taxes collected by the District of Columbia. This metric is used by economists and policymakers to analyze the business climate and fiscal health of the local economy.
Methodology
The data is collected and reported by the U.S. Census Bureau through quarterly tax revenue surveys.
Historical Context
Trends in corporate tax collections are relevant for understanding the local business environment and can inform economic and fiscal policy decisions.
Key Facts
- District of Columbia is one of the few local jurisdictions that collects its own corporate income tax.
- Corporate tax collections account for about 10% of total tax revenue in D.C.
- Quarterly corporate tax data provides timely insight into the local business climate.
FAQs
Q: What does this economic trend measure?
A: This series measures the net revenue collected by the District of Columbia government from corporate income taxes.
Q: Why is this trend relevant for users or analysts?
A: Trends in corporate tax collections provide insight into the local business climate and economic conditions in the nation's capital.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through quarterly tax revenue surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze the fiscal health and business environment in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a several month delay between the end of the quarter and the data release.
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Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for District of Columbia (QTAXT41QTAXCAT3DCNO), retrieved from FRED.