State Government Tax Collections, Corporation Net Income Taxes in Louisiana
LACORPINCTX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,014,529.00
Year-over-Year Change
249.37%
Date Range
1/1/1942 - 1/1/2024
Summary
This data series measures state government tax collections from corporation net income taxes in Louisiana. It is an important indicator of business activity and tax revenue in 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 corporation net income tax is a key component of Louisiana's state tax revenue. This data provides insights into the overall performance of Louisiana's corporate sector and its contributions to state fiscal health.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Historical Context
Policymakers and analysts use this data to assess Louisiana's economic conditions and fiscal position.
Key Facts
- Louisiana is one of 44 states that levy a corporate income tax.
- Corporation net income taxes accounted for 6.4% of Louisiana's total state tax revenue in 2021.
- The series has been published quarterly since 1972.
FAQs
Q: What does this economic trend measure?
A: This data series measures the tax collections from corporation net income taxes by the state government of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance of Louisiana's corporate sector and its contribution to the state's tax revenue and fiscal position.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess Louisiana's economic conditions and fiscal position, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a slight delay, typically within a few months of the end of the reporting period.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Corporation Net Income Taxes in Louisiana (LACORPINCTX), retrieved from FRED.