State Tax Collections: T15 Public Utilities Sales Tax for Pennsylvania
QTAXT15QTAXCAT3PANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,249.00
Year-over-Year Change
27.19%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures sales tax collections on public utilities in the state of Pennsylvania. It is an important indicator of both consumer spending and state tax 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 Tax Collections: T15 Public Utilities Sales Tax for Pennsylvania metric tracks the monthly total sales tax revenue the state collects from taxing the sale of public utilities, such as electricity, natural gas, and water. This data provides insight into consumer demand and state fiscal conditions.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This metric is closely watched by policymakers, analysts, and investors to assess the health of Pennsylvania's economy and tax base.
Key Facts
- Pennsylvania levies a sales tax on public utilities.
- Sales tax revenue accounts for over 30% of Pennsylvania's total tax collections.
- Public utilities spending is a key component of consumer expenditures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly sales tax revenue collected by the state of Pennsylvania on the sale of public utilities, such as electricity, natural gas, and water.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and the fiscal health of Pennsylvania's state government, making it an important indicator for policymakers, analysts, and investors.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of Pennsylvania's economy and tax base, which informs decisions around budgeting, taxation, and economic development.
Q: Are there update delays or limitations?
A: The data is published monthly by the Census Bureau, with a typical 2-3 month lag between the reporting period and public release.
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Citation
U.S. Federal Reserve, State Tax Collections: T15 Public Utilities Sales Tax for Pennsylvania (QTAXT15QTAXCAT3PANO), retrieved from FRED.