State Tax Collections: T41 Corporation Net Income Taxes for the United States
QTAXT41QTAXCAT3USNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,340.00
Year-over-Year Change
13.51%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T41 Corporation Net Income Taxes for the United States' trend measures corporate income tax revenue collected by U.S. state governments. It provides insight into the overall health of the corporate sector and tax policy impacts.
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
This economic indicator tracks the total net income tax revenue collected from corporations by state governments across the United States. It is a valuable metric for economists and policymakers to assess the financial performance of the business community and the efficacy of state-level tax policies.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue survey.
Historical Context
Monitoring trends in state corporate income tax collections helps inform economic and fiscal policy decisions at the state and national levels.
Key Facts
- Corporate income taxes make up around 5% of total state tax revenue.
- State corporate income tax rates range from 0% to 12%, with an average of 6.5%.
- The U.S. has the highest combined federal and state corporate tax rate among OECD countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total net income tax revenue collected from corporations by state governments across the United States.
Q: Why is this trend relevant for users or analysts?
A: Monitoring state-level corporate income tax collections provides valuable insights into the financial health of the business community and the effectiveness of state tax policies.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue survey.
Q: How is this trend used in economic policy?
A: Trends in state corporate income tax collections help inform economic and fiscal policy decisions at the state and national levels.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical 3-month lag from the end of the reference period.
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Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for the United States (QTAXT41QTAXCAT3USNO), retrieved from FRED.