State Tax Collections: T41 Corporation Net Income Taxes for South Dakota
This dataset tracks state tax collections: t41 corporation net income taxes for south dakota over time.
Latest Value
16.00
Year-over-Year Change
14.29%
Date Range
1/1/1994 - 1/1/2025
Summary
This series measures net income tax collections by the state government of South Dakota. It provides insight into the economic health and taxable corporate profits within 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 South Dakota series tracks the monthly net income tax revenue collected by the state government. This metric serves as an important indicator of corporate profitability and economic conditions in South Dakota.
Methodology
The data is collected directly from South Dakota state government tax revenue records.
Historical Context
Policymakers and analysts use this trend to assess the business climate and fiscal health of the state.
Key Facts
- South Dakota has no state personal income tax.
- Corporate income tax collections account for 5-10% of South Dakota's total tax revenue.
- South Dakota has one of the lowest state tax burdens in the U.S.
FAQs
Q: What does this economic trend measure?
A: This series tracks the monthly net income tax revenue collected by the government of South Dakota from corporations operating in the state.
Q: Why is this trend relevant for users or analysts?
A: The corporate net income tax collections provide insight into the profitability and economic health of businesses within South Dakota, which is relevant for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from South Dakota state government tax revenue records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the business climate and fiscal health of the state of South Dakota.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for South Dakota (QTAXT41QTAXCAT3SDNO), retrieved from FRED.