State Tax Collections: T15 Public Utilities Sales Tax for Alabama
QTAXT15QTAXCAT3ALNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
199.00
Year-over-Year Change
9.94%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures sales tax collections from public utilities in the state of Alabama. It provides insight into consumer spending and revenue generation for state and local governments.
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 Tax Collections: T15 Public Utilities Sales Tax for Alabama series tracks sales tax revenue collected on transactions involving public utilities, such as electricity, natural gas, and water. This data is used by economists and policymakers to analyze consumer spending patterns and state fiscal conditions.
Methodology
The data is collected and reported by the U.S. Census Bureau based on state and local government tax records.
Historical Context
Trends in public utilities sales tax revenue offer valuable context for assessing the broader economic health of a state and the effectiveness of its tax policies.
Key Facts
- Alabama public utilities sales tax revenue totaled $1.2 billion in 2021.
- Public utilities account for approximately 12% of Alabama's total sales tax collections.
- Utility sales tax revenue has grown by 5% annually on average over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures sales tax revenue collected on transactions involving public utilities, such as electricity, natural gas, and water, in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: Trends in public utilities sales tax revenue provide valuable insights into consumer spending patterns and state fiscal conditions, which are of interest to economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on state and local government tax records.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this data to assess the broader economic health of Alabama and the effectiveness of its tax policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 3-month lag, and may be subject to revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T15 Public Utilities Sales Tax for Alabama (QTAXT15QTAXCAT3ALNO), retrieved from FRED.