State Tax Collections: T22 Corporations in General License for Indiana
QTAXT22QTAXCAT3INNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
50.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures corporate license tax collections in the state of Indiana. It provides insight into the economic activity and tax burden for 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 Tax Collections: T22 Corporations in General License for Indiana metric tracks the total amount of corporate license taxes collected by the state government. This helps economists and policymakers understand the health of the state's business environment and corporate tax revenue.
Methodology
The data is collected directly from Indiana state tax authorities.
Historical Context
This metric is used to inform economic and fiscal policy decisions at the state level.
Key Facts
- Indiana collects over $1 billion annually in corporate license taxes.
- Corporate tax collections account for 15% of Indiana's total state tax revenue.
- The state's corporate tax rate is 6% of taxable income.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of corporate license taxes collected by the state government of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health of Indiana's business environment and corporate tax revenue, which is important for economic and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected directly from Indiana state tax authorities.
Q: How is this trend used in economic policy?
A: This metric is used to inform state-level economic and fiscal policy decisions in Indiana.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag.
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Citation
U.S. Federal Reserve, State Tax Collections: T22 Corporations in General License for Indiana (QTAXT22QTAXCAT3INNO), retrieved from FRED.