State Government Tax Collections, Corporations in General Licenses in Missouri
MOCORPLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures the total tax collections from corporate licenses in the state of Missouri. It provides insight into the economic activity and tax burden of corporations operating 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 State Government Tax Collections, Corporations in General Licenses in Missouri series tracks the total revenue the state government collects from licensing fees and taxes paid by corporations doing business in Missouri. This metric is used by economists and policymakers to analyze the business climate and tax environment for companies in the state.
Methodology
The data is collected by the Missouri Department of Revenue through corporate tax filings and license registrations.
Historical Context
This trend is relevant for understanding the state's fiscal health, business costs, and economic competitiveness.
Key Facts
- Missouri corporate license tax collections totaled $204 million in 2021.
- Corporate license taxes account for approximately 3% of Missouri's total state tax revenue.
- The trend has increased by 18% over the past 5 years, reflecting economic growth in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax collections from corporate licenses and fees paid to the state government of Missouri by businesses operating in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic climate and tax burden for corporations in Missouri, which is useful for businesses, policymakers, and economists analyzing the state's fiscal health and business environment.
Q: How is this data collected or calculated?
A: The data is collected by the Missouri Department of Revenue through corporate tax filings and license registration records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to evaluate the state's tax policies, business costs, and competitiveness in attracting and retaining corporate investment and economic activity.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months. There may be revisions to historical data as tax filings are finalized.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Corporations in General Licenses in Missouri (MOCORPLICTAX), retrieved from FRED.