State Tax Collections: T41 Corporation Net Income Taxes for Nevada
QTAXT41QTAXCAT3NVNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 10/1/2010
Summary
This trend measures the net income tax collections by the state government of Nevada. It is an important indicator of the health and profitability of corporate businesses operating in the state.
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 Nevada series tracks the total revenue generated from corporate income taxes levied by the Nevada state government. This metric provides insight into the overall performance and profitability of the private sector within the state.
Methodology
The data is collected directly from the Nevada Department of Taxation.
Historical Context
This trend is closely monitored by policymakers, economists, and investors to assess the economic conditions and business climate in Nevada.
Key Facts
- Nevada has no personal income tax.
- Corporate net income taxes account for around 7% of Nevada's total tax revenue.
- Nevada's corporate tax rate is 4.6%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total net income tax collections by the state government of Nevada from corporate businesses operating in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall profitability and economic performance of the private sector in Nevada, which is useful for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected directly from the Nevada Department of Taxation.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the business climate and make informed decisions about taxation, spending, and economic development in Nevada.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Nevada Department of Taxation, and there may be some delay in the most recent data becoming available.
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Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for Nevada (QTAXT41QTAXCAT3NVNO), retrieved from FRED.