T41 - Corporation net income taxes - Michigan (1994 - 2011) (Thousands of US$)
Year
Quarter
Value
1994
Q1 1994
$460,909
1994
Q2 1994
$582,582
1994
Q3 1994
$511,214
1994
Q4 1994
$448,072
1995
Q1 1995
$460,909
1995
Q2 1995
$582,582
1995
Q3 1995
$511,214
1995
Q4 1995
$448,072
1996
Q1 1996
$521,615
1996
Q2 1996
$467,102
1996
Q3 1996
$530,492
1996
Q4 1996
$670,533
1997
Q1 1997
$521,615
1997
Q2 1997
$668,372
1997
Q3 1997
$519,172
1997
Q4 1997
$553,332
1998
Q1 1998
$542,381
1998
Q2 1998
$706,366
1998
Q3 1998
$550,948
1998
Q4 1998
$588,256
1999
Q1 1999
$538,991
1999
Q2 1999
$727,721
1999
Q3 1999
$539,687
1999
Q4 1999
$517,365
2000
Q1 2000
$602,329
2000
Q2 2000
$676,296
2000
Q3 2000
$560,914
2000
Q4 2000
$502,237
2001
Q1 2001
$538,171
2001
Q2 2001
$619,445
2001
Q3 2001
$426,475
2001
Q4 2001
$512,279
2002
Q1 2002
$445,940
2002
Q2 2002
$610,559
2002
Q3 2002
$496,464
2002
Q4 2002
$534,556
2003
Q1 2003
$391,284
2003
Q2 2003
$530,690
2003
Q3 2003
$386,542
2003
Q4 2003
$515,353
2004
Q1 2004
$366,629
2004
Q2 2004
$469,094
2004
Q3 2004
$489,934
2004
Q4 2004
$469,995
2005
Q1 2005
$385,843
2005
Q2 2005
$272,151
2005
Q3 2005
$779,201
2005
Q4 2005
$504,852
2006
Q1 2006
$45,992
2006
Q2 2006
$607,311
2006
Q3 2006
$728,013
2006
Q4 2006
$424,981
2007
Q1 2007
$93,993
2007
Q2 2007
$561,632
2007
Q3 2007
$705,607
2007
Q4 2007
$381,970
2008
Q1 2008
$129,108
2008
Q2 2008
$413,289
2008
Q3 2008
$232,878
2008
Q4 2008
$160,153
2009
Q1 2009
$54,924
2009
Q2 2009
$255,487
2009
Q3 2009
$232,686
2009
Q4 2009
$149,820
2010
Q1 2010
$86,499
2010
Q2 2010
$223,799
2010
Q3 2010
$171,777
2010
Q4 2010
$102,442
2011
Q1 2011
$181,900
2011
Q2 2011
$264,407
2011
Q3 2011
$171,141
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.
