State Government Tax Collections, Public Utilities - Selective Sales Taxes in Indiana
INUTILITAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1942 - 1/1/2024
Summary
The 'State Government Tax Collections, Public Utilities - Selective Sales Taxes in Indiana' trend measures the tax revenue collected by the Indiana state government from selective sales taxes on public utilities. This metric is important for economists and policymakers to assess the state's fiscal health and revenue sources.
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
This trend represents the amount of tax revenue the Indiana state government collects from selective sales taxes on public utilities, such as electricity, natural gas, and telecommunications services. It provides insight into the state's tax base and the burden on public utility consumers.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax revenue.
Historical Context
This metric is used by economists, policymakers, and market analysts to evaluate Indiana's fiscal policies and the tax burden on public utility consumers.
Key Facts
- Indiana collected $305 million in public utility sales taxes in 2021.
- Utility taxes account for about 3% of Indiana's total state tax revenue.
- Selective sales taxes on public utilities have increased by 15% in Indiana over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the Indiana state government from selective sales taxes on public utilities, such as electricity, natural gas, and telecommunications services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Indiana's fiscal health, tax base, and the tax burden on public utility consumers, which is useful for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax revenue.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to evaluate Indiana's fiscal policies and the tax burden on public utility consumers.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
Related Trends
All Employees: Repair and Maintenance in Indiana
SMU18000008081100001A
Chain-Type Quantity Index for Real GDP: Data Processing, Hosting, and Other Information Services (518-519) in Indiana
INDATAWWWQGSP
Electric Power Carbon Dioxide Emissions, Natural Gas for Indiana
EMISSCO2TOTVECNGINA
Pandemic Emergency Unemployment Compensation Continued Claims in Indiana
PEUCCCIN
Personal Consumption Expenditures: Total for Indiana
INPCE
All Employees: Non-Durable Goods: Plastics Product Manufacturing in Indiana
SMU18000003232610001A
Citation
U.S. Federal Reserve, State Government Tax Collections, Public Utilities - Selective Sales Taxes in Indiana (INUTILITAX), retrieved from FRED.