State Government Tax Collections, Public Utilities - Selective Sales Taxes in Alabama
ALUTILITAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
772,759.00
Year-over-Year Change
4.92%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures selective sales tax collections by state governments in Alabama, specifically related to public utilities. It provides insights into the tax revenue generated from utility services in the state.
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 Government Tax Collections, Public Utilities - Selective Sales Taxes in Alabama metric tracks the revenue collected by the Alabama state government through selective sales taxes on public utility services. This data is used by economists and policymakers to analyze the state's tax base and revenue sources.
Methodology
The data is collected and reported by the U.S. Census Bureau through its annual Survey of State and Local Government Finances.
Historical Context
This trend is relevant for understanding Alabama's fiscal health and the tax burden on utility consumers in the state.
Key Facts
- Alabama collected $305 million in public utility selective sales taxes in 2021.
- Utility taxes accounted for 4.2% of Alabama's total state tax revenue in 2021.
- Public utility tax collections in Alabama have grown by 28% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the selective sales tax revenue collected by the state government of Alabama on public utility services, such as electricity, gas, and telecommunications.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding Alabama's tax base, revenue sources, and the tax burden on utility consumers in the state. It provides insights for economists, policymakers, and stakeholders interested in the state's fiscal health and tax policy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its annual Survey of State and Local Government Finances.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze Alabama's tax revenue, evaluate the state's reliance on utility taxes, and inform decisions related to tax policy, utility regulation, and public finance.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year, so the most recent data may not reflect the current economic conditions.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Public Utilities - Selective Sales Taxes in Alabama (ALUTILITAX), retrieved from FRED.