State Tax Collections: T41 Corporation Net Income Taxes for North Carolina
QTAXT41QTAXCAT3NCNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
186.00
Year-over-Year Change
-9.71%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures corporation net income tax collections in the state of North Carolina. It is an important indicator of business activity and state fiscal health.
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 North Carolina series tracks the quarterly net income tax revenue collected from corporations operating in North Carolina. This metric provides insight into corporate profitability and can signal changes in the state's economic climate.
Methodology
The data is collected and reported by the North Carolina Department of Revenue.
Historical Context
Policymakers and economic analysts use this metric to assess the business climate and evaluate state fiscal policy.
Key Facts
- North Carolina collects over $1 billion annually in corporation net income taxes.
- Corporate tax collections account for around 10% of North Carolina's total state tax revenue.
- Tax collections tend to increase during periods of strong economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly net income tax revenue collected from corporations operating in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into corporate profitability and the overall business climate in North Carolina, which is valuable for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the North Carolina Department of Revenue.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the business climate and evaluate state fiscal policy in North Carolina.
Q: Are there update delays or limitations?
A: The data is reported quarterly, with a lag of several months.
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Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for North Carolina (QTAXT41QTAXCAT3NCNO), retrieved from FRED.