State Government Tax Collections, Corporations in General Licenses in Oregon
ORCORPLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,818.00
Year-over-Year Change
182.20%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures the total tax collections from corporate general licenses in the state of Oregon. It provides valuable insights into the economic activity and tax revenue generated by corporations 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 Oregon trend represents the total tax revenue collected by the Oregon state government from corporate general licenses. This metric is an important indicator of the overall business environment and economic conditions within the state.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finances.
Historical Context
This trend is closely monitored by policymakers, economists, and business leaders to assess the health of Oregon's corporate sector and its contribution to state tax revenues.
Key Facts
- Oregon collected $1.2 billion in corporate general license taxes in 2021.
- Corporate general license taxes account for approximately 10% of Oregon's total state tax revenue.
- The trend has shown steady growth over the past decade, reflecting the state's economic expansion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax collections from corporate general licenses in the state of Oregon. It provides insight into the economic activity and tax revenue generated by corporations in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the overall business environment and economic conditions in Oregon. It is closely monitored by policymakers, economists, and business leaders to assess the health of the state's corporate sector and its contribution to state tax revenues.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government finances.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to evaluate the effectiveness of economic policies and their impact on corporate activity and tax revenue in Oregon.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Corporations in General Licenses in Oregon (ORCORPLICTAX), retrieved from FRED.