State Tax Collections: T41 Corporation Net Income Taxes for Florida
QTAXT41QTAXCAT3FLNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
616.00
Year-over-Year Change
52.48%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures corporation net income tax collections in the state of Florida. It provides insight into the health and profitability of Florida's corporate sector, which is relevant for economic and fiscal policy analysis.
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 Florida trend tracks quarterly data on the net income taxes paid by corporations operating in Florida. This metric is a key indicator of the state's business environment and corporate tax revenue.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state and local government tax agencies.
Historical Context
Policymakers and analysts use this data to evaluate the economic and fiscal conditions in Florida.
Key Facts
- Florida relies on corporate income taxes for a significant portion of its state revenue.
- Corporate tax collections tend to be volatile, reflecting changes in business conditions.
- The trend provides insight into the profitability of Florida's largest companies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net income taxes paid by corporations operating in the state of Florida.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and profitability of Florida's corporate sector, which is important for understanding the state's economic and fiscal conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state and local government tax agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to evaluate the economic and fiscal conditions in Florida, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported quarterly, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for Florida (QTAXT41QTAXCAT3FLNO), retrieved from FRED.