State Tax Collections: T41 Corporation Net Income Taxes for Hawaii
QTAXT41QTAXCAT3HINO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-28.00
Year-over-Year Change
-141.18%
Date Range
1/1/1994 - 1/1/2025
Summary
This series measures Hawaii's net income tax collections from corporations. It provides insight into the state's economic conditions and serves as an important indicator for fiscal policymakers.
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 Hawaii series tracks the net income tax revenue collected from corporations in the state of Hawaii. This metric is a key measure of corporate profitability and economic activity within the state.
Methodology
The data is collected by the U.S. Census Bureau through state-level tax revenue reporting.
Historical Context
Policymakers and analysts use this metric to assess Hawaii's fiscal health and make informed decisions about tax policy and government spending.
Key Facts
- Hawaii's net corporate income tax collections totaled $517 million in 2021.
- Corporate net income taxes account for approximately 10% of Hawaii's total state tax revenue.
- Hawaii's corporate net income tax rate is 6.4%.
FAQs
Q: What does this economic trend measure?
A: This series measures the net income tax revenue collected from corporations operating in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the profitability and economic performance of businesses in Hawaii, which is valuable for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through state-level tax revenue reporting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Hawaii's fiscal health and make informed decisions about tax policy and government spending.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis, with a lag of several months. There may be revisions to previously reported figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for Hawaii (QTAXT41QTAXCAT3HINO), retrieved from FRED.