State Tax Collections: T41 Corporation Net Income Taxes for Kentucky
QTAXT41QTAXCAT3KYNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
239.00
Year-over-Year Change
134.31%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures Kentucky's net income tax collections from corporations, providing insight into the state's fiscal health and business environment.
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 Kentucky series tracks the revenue generated by the state's corporate income tax. This metric is closely watched by policymakers and analysts as an indicator of economic activity and corporate profitability within the state.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
This trend is used to assess the performance of Kentucky's business sector and inform state fiscal and economic policies.
Key Facts
- Kentucky's corporate income tax rate is 5%.
- Corporate income taxes account for about 8% of Kentucky's total tax revenue.
- Net corporate income tax collections in Kentucky have fluctuated over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net income tax collections from corporations in the state of Kentucky, providing insight into the state's business and fiscal environment.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by policymakers and analysts as an indicator of economic activity and corporate profitability within Kentucky, informing decisions on fiscal and economic policies.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess the performance of Kentucky's business sector and inform state fiscal and economic policies.
Q: Are there update delays or limitations?
A: The data is reported quarterly, with some potential for delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for Kentucky (QTAXT41QTAXCAT3KYNO), retrieved from FRED.