State Tax Collections: T22 Corporations in General License for Ohio
QTAXT22QTAXCAT3OHNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
169.00
Year-over-Year Change
-2.31%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures corporate tax collections for general business licenses in the state of Ohio. It provides insight into the business climate and tax revenues for policymakers.
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 Ohio trend tracks the total taxes collected from corporations headquartered or operating in Ohio for general business licenses. This data offers an important indicator of economic activity and tax receipts for state government.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Historical Context
This metric is closely watched by Ohio state officials, economic analysts, and investors to assess the health of the state's corporate sector and tax base.
Key Facts
- Ohio is a major industrial and business hub in the Midwest.
- Corporate taxes account for around 5% of Ohio's total state tax revenue.
- Tax collections declined during the 2008-2009 recession but have since rebounded.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of state taxes collected from corporations in Ohio for general business licenses and operations.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the health of Ohio's corporate sector and its contribution to state tax revenues, which are crucial for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state tax authorities in Ohio.
Q: How is this trend used in economic policy?
A: Ohio state officials, economists, and investors closely monitor this metric to assess the state's business climate and fiscal conditions, which informs economic and tax policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Census Bureau, so there may be a 1-2 quarter delay in the most recent information.
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Citation
U.S. Federal Reserve, State Tax Collections: T22 Corporations in General License for Ohio (QTAXT22QTAXCAT3OHNO), retrieved from FRED.