State Government Tax Collections, Corporation Net Income Taxes in Iowa
IACORPINCTX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,533,101.00
Year-over-Year Change
260.07%
Date Range
1/1/1942 - 1/1/2024
Summary
The 'State Government Tax Collections, Corporation Net Income Taxes in Iowa' metric tracks the revenue Iowa's state government collects from corporate income taxes. This data provides insights into Iowa's economic performance and corporate tax policy.
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 series represents the total amount of corporation net income taxes collected by the state government of Iowa. The data is used by policymakers, economists, and analysts to assess Iowa's fiscal health, corporate tax burden, and broader economic trends.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Historical Context
Trends in Iowa's corporate income tax collections are relevant for evaluating the state's business climate, fiscal policy, and overall economic conditions.
Key Facts
- Iowa collected $336 million in corporate income taxes in 2021.
- Corporate income taxes account for 6% of Iowa's total state tax revenue.
- Iowa's corporate tax rate is 9.8%, one of the highest in the U.S.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total amount of corporation net income taxes collected by the state government of Iowa.
Q: Why is this trend relevant for users or analysts?
A: Trends in Iowa's corporate income tax collections provide insights into the state's business climate, fiscal policy, and overall economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and analysts use this data to evaluate Iowa's fiscal health, corporate tax burden, and broader economic trends.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a delay of several months.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Corporation Net Income Taxes in Iowa (IACORPINCTX), retrieved from FRED.