State Tax Collections: T41 Corporation Net Income Taxes for South Carolina
QTAXT41QTAXCAT3SCNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
240.00
Year-over-Year Change
-11.76%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures corporate net income tax collections in the state of South Carolina. It provides valuable insight into the state's tax revenue and business climate.
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 South Carolina series tracks the quarterly net income tax revenue collected from corporations operating in the state. This data point is closely monitored by economists and policymakers to understand corporate profitability and the overall health of the state's economy.
Methodology
The data is collected directly from the South Carolina Department of Revenue.
Historical Context
This trend is used to inform state fiscal policy and economic development initiatives.
Key Facts
- South Carolina corporate net income tax collections totaled $1.2 billion in 2021.
- This trend has shown steady growth over the past decade, reflecting the state's vibrant business climate.
- Quarterly data is released with a 2-month lag.
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 South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This data point is closely monitored by economists and policymakers to understand corporate profitability and the overall health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected directly from the South Carolina Department of Revenue.
Q: How is this trend used in economic policy?
A: This trend is used to inform state fiscal policy and economic development initiatives.
Q: Are there update delays or limitations?
A: Quarterly data is released with a 2-month lag.
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Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for South Carolina (QTAXT41QTAXCAT3SCNO), retrieved from FRED.