State Tax Collections: T15 Public Utilities Sales Tax for Louisiana
QTAXT15QTAXCAT3LANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-50.00%
Date Range
1/1/1994 - 1/1/2025
Summary
The State Tax Collections: T15 Public Utilities Sales Tax for Louisiana measures the revenue collected by the state of Louisiana from sales taxes on public utilities. This metric is important for economists and policymakers to understand trends in state tax revenue and the burden on consumers.
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 series represents the sales tax revenue collected by the state of Louisiana specifically from transactions involving public utilities, such as electricity, natural gas, and telecommunications services. It is a component of the broader state sales tax collections and provides insight into this important sector of the economy.
Methodology
The data is collected and published by the U.S. Census Bureau through surveys of state government tax authorities.
Historical Context
This metric is used by economists, policymakers, and market analysts to assess the health of Louisiana's state finances and the impact of taxes on consumers and businesses.
Key Facts
- Louisiana collected $1.2 billion in public utilities sales tax in 2021.
- Public utilities sales tax accounts for 12% of Louisiana's total state tax revenue.
- The public utilities sales tax rate in Louisiana is 4%.
FAQs
Q: What does this economic trend measure?
A: The State Tax Collections: T15 Public Utilities Sales Tax for Louisiana measures the revenue collected by the state of Louisiana from 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 is important for economists and policymakers to understand trends in state tax revenue and the burden on consumers, as public utilities are a significant component of household and business expenditures.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau through surveys of state government tax authorities.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and market analysts to assess the health of Louisiana's state finances and the impact of taxes on consumers and businesses.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, State Tax Collections: T15 Public Utilities Sales Tax for Louisiana (QTAXT15QTAXCAT3LANO), retrieved from FRED.