State Tax Collections: T41 Corporation Net Income Taxes for North Dakota
QTAXT41QTAXCAT3NDNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.00
Year-over-Year Change
41.67%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures corporation net income tax collections in the state of North Dakota. It provides valuable insights into the state's business environment and 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 Dakota metric tracks the total amount of net income taxes paid by corporations to the North Dakota government. This data point is an important indicator of the state's business climate and economic conditions.
Methodology
The data is collected and reported by the U.S. Census Bureau through state government tax collection surveys.
Historical Context
Policymakers and analysts use this trend to assess North Dakota's tax revenue sources and evaluate the state's fiscal policies.
Key Facts
- North Dakota has no personal income tax.
- Corporate net income tax accounts for over 10% of North Dakota's total tax revenue.
- The state's corporation tax rate is a flat 4.31%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of corporation net income taxes collected by the state government of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into North Dakota's business climate and fiscal health, which are important for policymakers and investors.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through state government tax collection surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess North Dakota's tax revenue sources and evaluate the state's fiscal policies.
Q: Are there update delays or limitations?
A: The data is reported quarterly, and there may be a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for North Dakota (QTAXT41QTAXCAT3NDNO), retrieved from FRED.