State Tax Collections: T41 Corporation Net Income Taxes for Alabama
QTAXT41QTAXCAT3ALNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
404.00
Year-over-Year Change
284.76%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend tracks state-level corporation net income tax collections in Alabama. It provides insight into the state's business tax revenue and economic conditions.
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: T41 Corporation Net Income Taxes for Alabama series measures the quarterly net income tax revenue collected from corporations operating in the state. This data point is a key indicator of Alabama's corporate tax base and business climate.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this trend to assess Alabama's fiscal health and monitor the state's economic performance.
Key Facts
- Alabama's corporation net income tax revenue was $288 million in Q4 2022.
- Corporate net income taxes account for about 6% of Alabama's total state tax collections.
- The trend has shown volatility over the past decade due to changes in the business environment.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the quarterly net income tax revenue collected from corporations operating in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Alabama's corporate tax base and business climate, which is useful for policymakers and economists assessing the state's fiscal health and economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor Alabama's fiscal health and business environment, which can inform tax policy and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is reported quarterly, and there may be a lag of several months before the latest figures are available.
Related Trends
State Tax Collections: T10 Alcoholic Beverages Sales Tax for District of Columbia
QTAXT10QTAXCAT3DCNO
State Tax Collections: T50 Death and Gift Taxes for Delaware
QTAXT50QTAXCAT3DENO
State Tax Collections: T16 Tobacco Products Sales Tax for the United States
QTAXT16QTAXCAT3USNO
State Tax Collections: T13 Motor Fuels Sales Tax for West Virginia
QTAXT13QTAXCAT3WVNO
Child Tax Exemptions for North Carolina
CHEXMNC37A647NCEN
State Tax Collections: T99 Taxes, Not Elsewhere Classified for Oklahoma
QTAXT99QTAXCAT3OKNO
Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for Alabama (QTAXT41QTAXCAT3ALNO), retrieved from FRED.