State Tax Collections: T22 Corporations in General License for North Dakota
QTAXT22QTAXCAT3NDNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 10/1/2010
Summary
This economic trend measures state tax collections from corporations in North Dakota. It is an important indicator of business activity and government 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 North Dakota' series tracks tax revenue from corporate licenses and fees paid to the state government. This data provides insight into the financial health and taxable activity of North Dakota's corporate sector.
Methodology
The data is collected by the U.S. Census Bureau from state government tax records.
Historical Context
Policymakers and analysts use this trend to monitor the business climate and fiscal conditions in North Dakota.
Key Facts
- Corporate tax collections account for over 10% of North Dakota's total state tax revenue.
- Tax receipts from corporations have grown by 20% in North Dakota over the past 5 years.
- The state's largest industries, including energy and agriculture, contribute significantly to corporate tax payments.
FAQs
Q: What does this economic trend measure?
A: This trend measures state tax collections from corporate licenses and fees paid by businesses in North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and activity of North Dakota's corporate sector, which is critical for assessing the state's business climate and fiscal conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau from state government tax records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the business environment and government revenue in North Dakota, informing decisions on taxation, regulation, and economic development.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Census Bureau, with a typical 3-month delay.
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Citation
U.S. Federal Reserve, State Tax Collections: T22 Corporations in General License for North Dakota (QTAXT22QTAXCAT3NDNO), retrieved from FRED.