State Tax Collections: T41 Corporation Net Income Taxes for Ohio
QTAXT41QTAXCAT3OHNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures the net income taxes collected by the state of Ohio from corporations. It provides insights into the state's tax revenue from the corporate sector, which is an important indicator of economic 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 Ohio is a key economic indicator that tracks the net income taxes paid by corporations to the state government of Ohio. This metric is used by economists, policymakers, and analysts to assess the financial condition of the state and monitor trends in corporate profitability and tax contributions.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Historical Context
This trend is closely watched by state officials, investors, and economic researchers to gauge the overall health of Ohio's economy and its business climate.
Key Facts
- Ohio is the 7th largest state economy in the U.S.
- Corporate income taxes account for about 5% of Ohio's total tax revenue.
- The trend has shown volatility during economic cycles.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net income taxes collected by the state of Ohio from corporations operating within the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the financial health of Ohio's corporate sector and serves as an indicator of the state's overall economic performance and tax revenue.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Q: How is this trend used in economic policy?
A: State officials, policymakers, and economists closely monitor this trend to assess the business climate, make revenue forecasts, and inform decisions on tax policy and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a lag of several months before the most recent figures are available.
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Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for Ohio (QTAXT41QTAXCAT3OHNO), retrieved from FRED.