State Tax Collections: T22 Corporations in General License for Wisconsin
QTAXT22QTAXCAT3WINO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
20.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures Wisconsin's corporate license tax collections, providing insights into business activity and state revenue.
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 Wisconsin metric tracks the revenue generated by the state's corporate license tax. This data point is used by economists and policymakers to analyze business conditions and the fiscal health of the state government.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local tax authorities.
Historical Context
Corporate tax collections are an important indicator of economic performance and can inform state fiscal and regulatory policies.
Key Facts
- Wisconsin collected $612 million in corporate license taxes in 2021.
- Corporate tax revenue accounts for 8% of Wisconsin's total tax collections.
- The state's corporate tax rate is 7.9%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected by the state of Wisconsin through its corporate license tax, which is levied on businesses operating in the state.
Q: Why is this trend relevant for users or analysts?
A: Corporate tax collections are an important indicator of business activity and the overall health of a state's economy, making this data relevant for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state and local tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the state's fiscal health, understand business conditions, and inform decisions around taxation, regulation, and economic development initiatives.
Q: Are there update delays or limitations?
A: This data is published quarterly by the U.S. Census Bureau, with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Tax Collections: T22 Corporations in General License for Wisconsin (QTAXT22QTAXCAT3WINO), retrieved from FRED.