State Government Tax Collections, Corporations in General Licenses in Montana
MTCORPLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,291.00
Year-over-Year Change
2.14%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures corporate license tax collections by the state government of Montana. It provides insight into the state's business environment and corporate tax revenue.
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 Government Tax Collections, Corporations in General Licenses in Montana trend tracks the total amount of corporate license tax revenue collected by the Montana state government. This data is used to analyze the state's corporate tax policies and their impact on business activity and government finances.
Methodology
The data is collected directly from the Montana Department of Revenue.
Historical Context
This trend is relevant for policymakers, economists, and businesses evaluating Montana's corporate tax climate.
Key Facts
- Montana collected $79.3 million in corporate license tax revenue in 2021.
- Corporate license tax accounts for approximately 5% of Montana's total state tax revenue.
- The state's corporate tax rate is 6.75% on taxable income.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of corporate license tax revenue collected by the state government of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Montana's business environment and corporate tax policies, which are important factors for companies, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected directly from the Montana Department of Revenue.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate the impact of Montana's corporate tax policies on business activity and state government finances.
Q: Are there update delays or limitations?
A: The data is typically published with a 2-3 month delay by the Montana Department of Revenue.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Corporations in General Licenses in Montana (MTCORPLICTAX), retrieved from FRED.