State Tax Collections: T41 Corporation Net Income Taxes for Nebraska
QTAXT41QTAXCAT3NENO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
183.00
Year-over-Year Change
53.78%
Date Range
1/1/1994 - 1/1/2025
Summary
This series tracks quarterly state tax collections from corporation net income taxes in Nebraska. It provides insight into the state's business and economic environment.
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 Nebraska series measures the total amount of tax revenue collected by the state of Nebraska from corporations' net income. This metric is an important indicator of Nebraska's business climate and overall economic conditions.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this trend to assess Nebraska's tax revenue, business activity, and economic performance.
Key Facts
- Nebraska collected $248 million in corporation net income taxes in Q4 2022.
- Corporation net income taxes account for about 10% of Nebraska's total state tax revenue.
- This trend has shown volatility, reflecting changes in business profitability and the broader economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of corporation net income taxes collected by the state of Nebraska on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Nebraska's business climate and overall economic conditions, as corporation net income taxes are an important source of state tax revenue.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Nebraska's tax revenue, business activity, and economic performance, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, so there may be a several-month delay between the end of the quarter and the data publication.
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Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for Nebraska (QTAXT41QTAXCAT3NENO), retrieved from FRED.