State Government Tax Collections, Corporation Net Income Taxes in Ohio
OHCORPINCTX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
213.00
Year-over-Year Change
-99.82%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures corporation net income tax collections by the state government of Ohio. It provides insight into the financial performance and tax burden of businesses 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, Corporation Net Income Taxes in Ohio series tracks the total amount of corporation net income taxes collected by the Ohio state government. This metric is an important indicator of corporate profitability and tax compliance within the state.
Methodology
The data is collected directly from the Ohio state government's tax collection records.
Historical Context
This trend is closely watched by policymakers, economists, and investors to gauge the overall health of Ohio's business environment and tax policies.
Key Facts
- Ohio is the seventh-largest state economy in the U.S.
- Corporation net income taxes account for around 5% of Ohio's total state tax revenue.
- Tax collections have fluctuated in recent years due to changes in corporate profitability.
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 Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial performance and tax burden of businesses operating in Ohio, which is an important indicator of the state's overall economic health.
Q: How is this data collected or calculated?
A: The data is collected directly from the Ohio state government's tax collection records.
Q: How is this trend used in economic policy?
A: This trend is closely watched by policymakers, economists, and investors to gauge the overall health of Ohio's business environment and tax policies.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis with a lag of a few months.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Corporation Net Income Taxes in Ohio (OHCORPINCTX), retrieved from FRED.