State Tax Collections: T22 Corporations in General License for Connecticut
QTAXT22QTAXCAT3CTNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 4/1/2025
Summary
This economic trend tracks quarterly state tax collections from corporations in Connecticut. It provides insights into the overall business climate 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 State Tax Collections: T22 Corporations in General License for Connecticut series measures the total tax revenue collected by the state government from corporate license taxes. This data point is a key indicator of Connecticut's economic performance and the tax burden on businesses.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
Corporate tax collections are an important factor in state fiscal policy and budgeting decisions.
Key Facts
- Connecticut collects over $1 billion annually in corporate license taxes.
- Tax collections from this source account for 10-15% of the state's total tax revenue.
- Corporate tax collections have fluctuated significantly during economic cycles.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total quarterly tax revenue collected by the state of Connecticut from corporate license taxes.
Q: Why is this trend relevant for users or analysts?
A: Corporate tax collections are an important indicator of the overall business climate and tax burden in Connecticut, which is relevant for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: State-level corporate tax collections are a key input for fiscal policy and budgeting decisions, as they represent an important source of revenue for the Connecticut government.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, so there may be a delay of several months between the end of the reporting period and the release of the latest figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T22 Corporations in General License for Connecticut (QTAXT22QTAXCAT3CTNO), retrieved from FRED.