State Government Tax Collections, Public Utilities Licenses in Delaware
DEUTILLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
718.00
Year-over-Year Change
N/A%
Date Range
1/1/1951 - 1/1/2024
Summary
This trend measures state government tax collections from public utilities licenses in Delaware. It is an important indicator of state tax revenue and economic activity in the utilities sector.
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 Licenses in Delaware series tracks the total tax revenue collected by the Delaware state government from licensing fees and taxes on public utilities. This provides insight into the financial health and regulation of the state's utilities industry.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of its annual survey of state and local government tax collections.
Historical Context
Economists and policymakers use this data to assess the fiscal conditions and policy environment for Delaware's public utilities.
Key Facts
- Delaware collected $24.8 million in public utilities taxes in 2021.
- Utilities taxes account for approximately 2.5% of Delaware's total state tax revenue.
- Public utilities licensing fees have increased by 7% in Delaware over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state government of Delaware from licensing and taxing public utilities such as electricity, gas, water, and telecommunications providers.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the financial health and regulatory environment of Delaware's utilities industry, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the U.S. Census Bureau as part of its survey of state and local government tax collections.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to assess the fiscal conditions and policy environment for public utilities in Delaware, which informs decisions around regulation, taxation, and infrastructure investment.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of several months, so it may not reflect the most current economic conditions.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Public Utilities Licenses in Delaware (DEUTILLICTAX), retrieved from FRED.