T41 - Corporation net income taxes - Minnesota (1994 - 2011) (Thousands of US$)
Year
Quarter
Value
1994
Q1 1994
$172,413
1994
Q2 1994
$140,902
1994
Q3 1994
$190,530
1994
Q4 1994
$122,797
1995
Q1 1995
$195,030
1995
Q2 1995
$157,400
1995
Q3 1995
$170,411
1995
Q4 1995
$133,480
1996
Q1 1996
$219,678
1996
Q2 1996
$179,529
1996
Q3 1996
$168,602
1996
Q4 1996
$124,608
1997
Q1 1997
$216,309
1997
Q2 1997
$189,715
1997
Q3 1997
$168,602
1997
Q4 1997
$167,595
1998
Q1 1998
$242,076
1998
Q2 1998
$146,134
1998
Q3 1998
$178,995
1998
Q4 1998
$210,021
1999
Q1 1999
$189,969
1999
Q2 1999
$200,191
1999
Q3 1999
$182,298
1999
Q4 1999
$197,376
2000
Q1 2000
$235,526
2000
Q2 2000
$188,157
2000
Q3 2000
$226,028
2000
Q4 2000
$163,736
2001
Q1 2001
$195,380
2001
Q2 2001
$146,860
2001
Q3 2001
$151,111
2001
Q4 2001
$107,563
2002
Q1 2002
$173,812
2002
Q2 2002
$99,782
2002
Q3 2002
$169,402
2002
Q4 2002
$91,108
2003
Q1 2003
$200,240
2003
Q2 2003
$132,525
2003
Q3 2003
$158,979
2003
Q4 2003
$147,202
2004
Q1 2004
$191,470
2004
Q2 2004
$139,533
2004
Q3 2004
$218,970
2004
Q4 2004
$214,053
2005
Q1 2005
$280,906
2005
Q2 2005
$219,967
2005
Q3 2005
$291,488
2005
Q4 2005
$230,568
2006
Q1 2006
$329,477
2006
Q2 2006
$220,351
2006
Q3 2006
$310,401
2006
Q4 2006
$320,376
2007
Q1 2007
$345,447
2007
Q2 2007
$207,591
2007
Q3 2007
$273,966
2007
Q4 2007
$264,146
2008
Q1 2008
$246,814
2008
Q2 2008
$255,552
2008
Q3 2008
$236,939
2008
Q4 2008
$118,445
2009
Q1 2009
$216,971
2009
Q2 2009
$206,700
2009
Q3 2009
$183,884
2009
Q4 2009
$109,945
2010
Q1 2010
$217,451
2010
Q2 2010
$210,462
2010
Q3 2010
$257,149
2010
Q4 2010
$221,220
2011
Q1 2011
$283,188
2011
Q2 2011
$242,100
2011
Q3 2011
$256,198
Code: T41 Corporation Net Income Taxes
Definition: Taxes on corporations and unincorporated businesses (when taxed separately from individual income), measured by net income, whether on corporations in general or on specific kinds of corporations, such as financial institutions.
Excludes: Income taxes on gross income or receipts of corporations (report at Sales and Gross Receipts Taxes, codes T09 - T19) and combined corporation and individual income taxes not separable by type in older, historical data (report at Individual Income Taxes, code T40).
Examples: State governments - Michigan's VAT tax (Single Business Tax) is classified here.
Special Consideration: Although such taxes may be called "license" or "franchise taxes," they are classified here if measured by net income.
Category: Income Taxes
Category Description: Taxes levied on the gross income of individuals or on the net income of corporations and businesses (i.e., after allowable deductions).
Deduct refunds of taxes from gross collections even if they were recorded as tax revenue in a previous fiscal year.
Note: Not all states report all tax types. If the amount is zero for all time, then it is likely that the state does not report or collect the chosen tax type.
About this application: This application presents data from the US Census Quarterly Summary of State and Local Government Tax Revenue. The summary provides quarterly estimates of state and local government tax revenue at a national level, as well as detailed tax revenue data for individual states. This quarterly survey has been conducted continuously since 1962. The information contained in this survey is the most current information available on a nationwide basis for government tax collections.
