State Tax Collections: T41 Corporation Net Income Taxes for Pennsylvania
QTAXT41QTAXCAT3PANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
882.00
Year-over-Year Change
9.02%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures corporation net income tax collections for the state of Pennsylvania. It provides insight into the state's corporate tax revenue and economic conditions.
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 Pennsylvania trend reports the quarterly net income tax collections from corporations operating in Pennsylvania. This data point is a key indicator of the state's business and economic climate, as corporate tax revenue fluctuates with profitability and investment.
Methodology
The data is collected by the U.S. Census Bureau through state tax revenue reporting.
Historical Context
Policymakers and economists use this trend to analyze Pennsylvania's fiscal health and business environment.
Key Facts
- Pennsylvania levies a 9.99% corporate net income tax rate.
- Q4 2022 corporation net income tax collections totaled $1.4 billion.
- Corporate tax revenue accounts for 20% of Pennsylvania's total tax receipts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly net income tax collections from corporations operating in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Pennsylvania's business and economic climate, as corporate tax revenue fluctuates with profitability and investment.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through state tax revenue reporting.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze Pennsylvania's fiscal health and business environment.
Q: Are there update delays or limitations?
A: The data is reported quarterly, with a short delay for compilation and publication.
Related Trends
State Tax Collections: T11 Amusements Sales Tax for District of Columbia
QTAXT11QTAXCAT3DCNO
State Tax Collections: T25 Motor Vehicle Operators License for District of Columbia
QTAXT25QTAXCAT3DCNO
State Tax Collections: T99 Taxes, Not Elsewhere Classified for Wyoming
QTAXT99QTAXCAT3WYNO
State Tax Collections: T25 Motor Vehicle Operators License for Virginia
QTAXT25QTAXCAT3VANO
State Tax Collections: T28 Occupation and Business License, Not Elsewhere Classified for Florida
QTAXT28QTAXCAT3FLNO
Age 65 and Over Tax Exemptions for Oregon
AGEXMOR41A647NCEN
Citation
U.S. Federal Reserve, State Tax Collections: T41 Corporation Net Income Taxes for Pennsylvania (QTAXT41QTAXCAT3PANO), retrieved from FRED.