State Government Tax Collections, Public Utilities - Selective Sales Taxes in Minnesota
MNUTILITAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86,005.00
Year-over-Year Change
175420.41%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections from public utilities' selective sales taxes in Minnesota. It provides valuable insights into the state's tax revenue from this specific 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 - Selective Sales Taxes in Minnesota' trend tracks the revenue generated by Minnesota's state government from selective sales taxes on public utilities. This data is useful for analyzing the state's fiscal health and the performance of the public utilities industry.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This trend is commonly used by policymakers, economists, and industry analysts to monitor Minnesota's tax revenues and the economic conditions of the public utilities sector.
Key Facts
- Minnesota's public utilities selective sales tax collections were $232 million in 2021.
- This trend has shown a steady increase over the past decade, reflecting growth in the public utilities sector.
- Selective sales taxes on public utilities account for around 2% of Minnesota's total state tax revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the Minnesota 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 trend provides insight into the financial performance of Minnesota's public utilities sector and the state's overall fiscal health, making it valuable for policymakers, economists, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of its state government tax collection statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor the tax revenue generated from public utilities, which can inform decisions related to fiscal policy, industry regulation, and economic development in Minnesota.
Q: Are there update delays or limitations?
A: The data is typically released by the Census Bureau with a delay of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Public Utilities - Selective Sales Taxes in Minnesota (MNUTILITAX), retrieved from FRED.