State Tax Collections: T41 Corporation Net Income Taxes for Georgia
QTAXT41QTAXCAT3GANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
563.00
Year-over-Year Change
93.47%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T41 Corporation Net Income Taxes for Georgia' trend measures the quarterly net income tax revenue collected by the state of Georgia from corporations.
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
This series represents the state-level corporate income tax collections in Georgia, providing insight into the overall corporate tax burden and economic conditions within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this data to analyze the fiscal health and business environment of the state.
Key Facts
- Georgia's corporate net income tax rate is 5.75%.
- Corporate income taxes account for about 7% of Georgia's total tax revenue.
- Georgia's corporate tax collections have fluctuated significantly over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly net income tax revenue collected by the state of Georgia from corporations operating within the state.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the overall corporate tax burden and business environment in Georgia, which is useful for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze the fiscal health and business climate of the state of Georgia.
Q: Are there update delays or limitations?
A: The data is reported quarterly, with a typical 2-3 month delay between the end of the reference period and the release of the information.
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Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for Georgia (QTAXT41QTAXCAT3GANO), retrieved from FRED.