State Tax Collections: T41 Corporation Net Income Taxes for Colorado
QTAXT41QTAXCAT3CONO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
290.00
Year-over-Year Change
92.05%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures corporate net income tax collections in the state of Colorado. It provides valuable insights into business activity and tax revenue for policymakers and analysts.
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 Colorado metric tracks the total amount of net income taxes paid by corporations to the state government. This data is used to understand trends in business profitability, investment, and the overall fiscal health of the state.
Methodology
The data is collected by the U.S. Census Bureau through quarterly surveys of state tax authorities.
Historical Context
This metric is closely monitored by economists, policymakers, and investors to assess the business climate and fiscal conditions in Colorado.
Key Facts
- Colorado collected $1.2 billion in corporate net income taxes in 2021.
- Corporate net income taxes account for 10% of Colorado's total state tax revenue.
- Corporate tax collections in Colorado have grown by 25% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of net income taxes paid by corporations to the state government of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into business activity, profitability, and the overall fiscal health of the state, making it useful for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through quarterly surveys of state tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to assess the business climate and fiscal conditions in Colorado, informing decisions on taxation, spending, and economic development.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for Colorado (QTAXT41QTAXCAT3CONO), retrieved from FRED.