State Tax Collections: T15 Public Utilities Sales Tax for Ohio
QTAXT15QTAXCAT3OHNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
309.00
Year-over-Year Change
15.73%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures sales tax collections from public utilities in the state of Ohio. It is an important indicator of state tax revenue and consumer spending on essential services.
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 Ohio metric tracks tax revenue generated from the sale of public utility services, such as electricity, natural gas, and telecommunications, within the state of Ohio. This data provides insights into consumer demand and state fiscal health.
Methodology
The data is collected and reported by the Ohio Department of Taxation.
Historical Context
Policymakers and analysts use this metric to assess the strength of Ohio's economy and the state government's fiscal position.
Key Facts
- Ohio is the 7th largest state economy in the U.S.
- Public utilities account for over 10% of Ohio's state tax revenue.
- Sales tax collections from public utilities have grown by 25% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures sales tax revenue collected by the state of Ohio from the sale of public utility services, such as electricity, natural gas, and telecommunications.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer demand for essential public services and the fiscal health of the Ohio state government.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Ohio Department of Taxation.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of Ohio's economy and the state government's fiscal position.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, State Tax Collections: T15 Public Utilities Sales Tax for Ohio (QTAXT15QTAXCAT3OHNO), retrieved from FRED.