State Government Tax Collections, Corporation Net Income Taxes in Colorado
COCORPINCTX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,594,804.00
Year-over-Year Change
427.16%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend tracks Colorado's state government tax collections from corporation net income taxes. It provides insight into the financial health of businesses operating in the state and serves as an important indicator for economic policymakers.
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, Corporation Net Income Taxes in Colorado series measures the total amount of taxes collected by the Colorado state government on the net income of corporations doing business in the state. This data is used by economists and policymakers to analyze the broader economic climate and make informed decisions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax collection agencies.
Historical Context
This metric is closely monitored by Colorado state officials and economic analysts to gauge the overall business climate and inform fiscal and economic policies.
Key Facts
- Colorado collected $1.2 billion in corporate income taxes in 2021.
- Corporate income tax revenues account for approximately 10% of Colorado's total state tax collections.
- Corporate tax collections in Colorado have grown by 25% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of corporation net income taxes collected by the state government of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial health of businesses operating in Colorado and serves as an important indicator for economic policymakers in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax collection agencies.
Q: How is this trend used in economic policy?
A: Colorado state officials and economic analysts closely monitor this metric to gauge the overall business climate and inform fiscal and economic policies.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a short delay, providing timely information for policymakers and analysts.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Corporation Net Income Taxes in Colorado (COCORPINCTX), retrieved from FRED.