State Tax Collections: T15 Public Utilities Sales Tax for Florida
This dataset tracks state tax collections: t15 public utilities sales tax for florida over time.
Latest Value
633.00
Year-over-Year Change
12.83%
Date Range
1/1/1994 - 1/1/2025
Summary
This series tracks sales tax revenue from the public utilities sector in the state of Florida. It is a key indicator of economic activity and consumer demand for electricity, gas, and other utilities.
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 Florida metric measures the total sales tax revenue collected by the state government from the public utilities industry. This provides insight into the overall health of the Florida economy and consumer spending patterns.
Methodology
The data is collected directly from the Florida Department of Revenue's tax collection reports.
Historical Context
This metric is closely monitored by state policymakers and economists to assess Florida's economic conditions and guide fiscal policy decisions.
Key Facts
- Florida has no state personal income tax.
- Public utilities account for over 10% of Florida's total sales tax revenue.
- Sales tax collections tend to be volatile, reflecting changes in consumer demand.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total sales tax revenue collected by the state of Florida from the public utilities sector, including electricity, natural gas, and water utilities.
Q: Why is this trend relevant for users or analysts?
A: The public utilities sales tax revenue provides insight into consumer spending patterns and the overall health of the Florida economy, which is important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected directly from the Florida Department of Revenue's tax collection reports.
Q: How is this trend used in economic policy?
A: State policymakers and economists closely monitor this metric to assess Florida's economic conditions and guide fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a slight delay, and may be subject to revisions.
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Citation
U.S. Federal Reserve, State Tax Collections: T15 Public Utilities Sales Tax for Florida (QTAXT15QTAXCAT3FLNO), retrieved from FRED.