T41 - Corporation net income taxes - Virginia (1994 - 2011) (Thousands of US$)
Year
Quarter
Value
1994
Q1 1994
$29,936
1994
Q2 1994
$154,700
1994
Q3 1994
$69,826
1994
Q4 1994
$61,954
1995
Q1 1995
$46,323
1995
Q2 1995
$154,700
1995
Q3 1995
$95,874
1995
Q4 1995
$40,000
1996
Q1 1996
$38,496
1996
Q2 1996
$188,460
1996
Q3 1996
$110,350
1996
Q4 1996
$46,040
1997
Q1 1997
$39,799
1997
Q2 1997
$228,965
1997
Q3 1997
$104,312
1997
Q4 1997
$63,617
1998
Q1 1998
$62,826
1998
Q2 1998
$214,904
1998
Q3 1998
$96,221
1998
Q4 1998
$76,971
1999
Q1 1999
$51,247
1999
Q2 1999
$202,014
1999
Q3 1999
$136,958
1999
Q4 1999
$78,663
2000
Q1 2000
$50,436
2000
Q2 2000
$291,811
2000
Q3 2000
$122,805
2000
Q4 2000
$21,128
2001
Q1 2001
$35,702
2001
Q2 2001
$192,878
2001
Q3 2001
$68,769
2001
Q4 2001
$41,721
2002
Q1 2002
($12,490)
2002
Q2 2002
$181,198
2002
Q3 2002
$85,700
2002
Q4 2002
$52,335
2003
Q1 2003
$13,182
2003
Q2 2003
$177,227
2003
Q3 2003
$110,879
2003
Q4 2003
$45,696
2004
Q1 2004
$48,099
2004
Q2 2004
$217,445
2004
Q3 2004
$120,204
2004
Q4 2004
$132,030
2005
Q1 2005
$92,251
2005
Q2 2005
$261,474
2005
Q3 2005
$57,688
2005
Q4 2005
$415,290
2006
Q1 2006
$91,876
2006
Q2 2006
$298,466
2006
Q3 2006
$262,074
2006
Q4 2006
$590,230
2007
Q1 2007
$115,444
2007
Q2 2007
$313,059
2007
Q3 2007
$223,800
2007
Q4 2007
$101,244
2008
Q1 2008
$132,058
2008
Q2 2008
$330,127
2008
Q3 2008
$186,732
2008
Q4 2008
$69,326
2009
Q1 2009
$67,553
2009
Q2 2009
$309,879
2009
Q3 2009
$172,332
2009
Q4 2009
$171,321
2010
Q1 2010
$52,855
2010
Q2 2010
$393,147
2010
Q3 2010
$172,583
2010
Q4 2010
$156,070
2011
Q1 2011
$118,081
2011
Q2 2011
$351,670
2011
Q3 2011
$186,386
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.
