State Tax Collections: T41 Corporation Net Income Taxes for Indiana
QTAXT41QTAXCAT3INNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.00
Year-over-Year Change
-23.08%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures corporation net income tax collections in the state of Indiana. It provides insight into the economic activity and tax revenues of Indiana corporations.
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 Indiana metric tracks the total net income taxes paid by corporations in the state of Indiana. This data point is used by economists and policymakers to analyze corporate profitability and assess the state's fiscal health.
Methodology
The data is collected and reported by the Indiana Department of Revenue.
Historical Context
This trend is relevant for understanding Indiana's tax base and economic conditions.
Key Facts
- Indiana is one of 44 U.S. states that collects a corporate income tax.
- Corporation net income taxes account for around 7% of Indiana's total tax revenue.
- Indiana's corporate tax rate is 5.5% on the first $100,000 of taxable income.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total net income taxes paid by corporations headquartered in or doing business in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the profitability and economic health of Indiana corporations, which is relevant for understanding the state's fiscal situation and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Indiana Department of Revenue.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze corporate tax revenues and assess the impact of tax policies on Indiana's business climate and economic growth.
Q: Are there update delays or limitations?
A: The data is typically released quarterly with a 2-3 month delay.
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Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for Indiana (QTAXT41QTAXCAT3INNO), retrieved from FRED.