State Tax Collections: T41 Corporation Net Income Taxes for Delaware
QTAXT41QTAXCAT3DENO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.00
Year-over-Year Change
23.08%
Date Range
1/1/1994 - 1/1/2025
Summary
This series measures corporation net income tax collections for the state of Delaware. It provides important insights into Delaware's fiscal health and business climate.
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 corporation net income tax is a key revenue source for Delaware's government. This data series tracks the quarterly amount of net income taxes paid by corporations to the Delaware Department of Finance.
Methodology
The data is collected through the state's tax administration processes.
Historical Context
Policymakers and analysts use this data to monitor Delaware's economic performance and fiscal position.
Key Facts
- Delaware has no state sales tax.
- Corporate income tax revenue accounts for over 20% of Delaware's total tax collections.
- The top corporate tax rate in Delaware is 8.7%.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly net income tax collections from corporations for the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Delaware's business climate and fiscal health, which is relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through Delaware's state tax administration processes.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor Delaware's economic performance and fiscal position.
Q: Are there update delays or limitations?
A: This data is published quarterly with a typical 2-3 month lag.
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Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for Delaware (QTAXT41QTAXCAT3DENO), retrieved from FRED.