State Tax Collections: T15 Public Utilities Sales Tax for Arizona
QTAXT15QTAXCAT3AZNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This series measures Arizona's public utilities sales tax collections, a key indicator of economic activity and state government revenue.
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 public utilities sales tax is levied on the gross receipts of electric, gas, and other utility companies operating in Arizona. This data provides insight into consumer and business spending on essential services, a barometer of economic conditions.
Methodology
The data is collected and published quarterly by the U.S. Census Bureau.
Historical Context
Utility tax collections are closely watched by state policymakers and economists to gauge consumer demand and assess fiscal conditions.
Key Facts
- Arizona's public utilities sales tax accounts for over 10% of total state tax revenue.
- Utility sales tax receipts are a reliable leading indicator of broader economic trends.
- The data is released with a 3-month lag by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This series tracks Arizona's quarterly public utilities sales tax collections, which include taxes levied on the gross receipts of electric, gas, and other utility companies.
Q: Why is this trend relevant for users or analysts?
A: Utility tax collections provide valuable insights into consumer spending, business activity, and state government revenues, making this a key indicator of Arizona's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and published quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor utility tax collections to gauge consumer demand, assess fiscal conditions, and inform economic and tax policy decisions.
Q: Are there update delays or limitations?
A: The data is released with a 3-month lag by the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T15 Public Utilities Sales Tax for Arizona (QTAXT15QTAXCAT3AZNO), retrieved from FRED.