State Government Tax Collections, Public Utilities - Selective Sales Taxes in Delaware
DEUTILITAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,700.00
Year-over-Year Change
-10.04%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures state government tax collections on public utilities selective sales taxes in Delaware. It provides insight into the state's tax revenue from this specific economic activity.
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 DEUTILITAX series tracks the revenue collected by the Delaware state government through selective sales taxes on public utilities. This metric is used by policymakers and analysts to assess the state's fiscal health and tax base.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state and local government finances.
Historical Context
Trends in public utility tax collections are monitored by economists and policymakers to understand the broader economic conditions in Delaware.
Key Facts
- Delaware collected $77.5 million in public utility selective sales taxes in 2021.
- Utility taxes account for approximately 5% of Delaware's total state tax revenue.
- Public utility tax collections have grown by 12% in Delaware over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The DEUTILITAX series tracks the revenue collected by the Delaware state government through selective sales taxes on public utilities.
Q: Why is this trend relevant for users or analysts?
A: Trends in public utility tax collections provide insight into the fiscal health and tax base of the Delaware state government.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state and local government finances.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor public utility tax collections to understand broader economic conditions in Delaware.
Q: Are there update delays or limitations?
A: The data is typically published with a 6-9 month lag by the Census Bureau.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Public Utilities - Selective Sales Taxes in Delaware (DEUTILITAX), retrieved from FRED.