State Tax Collections: T41 Corporation Net Income Taxes for New York
QTAXT41QTAXCAT3NYNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,542.00
Year-over-Year Change
437.88%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures corporation net income tax collections for the state of New York. It provides insights into business activity and tax revenues, which are important for state budgeting and fiscal policy analysis.
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 data tracks corporation net income tax payments received by the New York state government. This metric serves as an indicator of business profitability and corporate tax compliance within the state, offering economic insights that inform policy decisions.
Methodology
The data is collected by the U.S. Census Bureau through quarterly state government tax revenue surveys.
Historical Context
Policymakers and analysts use this trend to monitor the health of New York's business environment and assess the state's fiscal position.
Key Facts
- New York is the fourth-largest state economy in the U.S.
- Corporation net income taxes make up about 10% of New York's total tax revenue.
- This trend reached a record high of $4.8 billion in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly corporation net income tax collections for the state of New York. It provides insights into business activity and profitability within the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding New York's fiscal health and business environment, which informs policy decisions and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through quarterly surveys of state government tax revenues.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor business conditions and assess the state's fiscal position, which informs budgeting and policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of several months. There may be revisions to historical data as well.
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Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for New York (QTAXT41QTAXCAT3NYNO), retrieved from FRED.