State Tax Collections: T15 Public Utilities Sales Tax for Maryland
QTAXT15QTAXCAT3MDNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from public utilities sales tax in Maryland. It provides insights into the state's tax revenue and the performance of the utility 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 Tax Collections: T15 Public Utilities Sales Tax for Maryland tracks the revenue generated from the sales tax levied on public utilities transactions in the state. This data point is a key indicator of economic activity and consumer spending within the utilities industry.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This trend is used by policymakers, economists, and market analysts to assess the financial health of Maryland's public utilities sector and its impact on the state's overall tax revenue.
Key Facts
- Maryland's public utilities sales tax revenue totaled $295 million in 2021.
- The public utilities sector accounts for approximately 5% of Maryland's total state tax collections.
- Tax collections from this source have grown by 7% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of Maryland from the sales tax levied on public utilities transactions, such as electricity, natural gas, and telecommunications services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the financial health and economic performance of Maryland's public utilities sector, which is an important component of the state's overall tax revenue and economic activity.
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 and local government tax revenue statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this trend to assess the impact of the public utilities sector on Maryland's tax revenue and overall economic conditions, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, State Tax Collections: T15 Public Utilities Sales Tax for Maryland (QTAXT15QTAXCAT3MDNO), retrieved from FRED.