State Tax Collections: T15 Public Utilities Sales Tax for Texas
This dataset tracks state tax collections: t15 public utilities sales tax for texas over time.
Latest Value
207.00
Year-over-Year Change
25.45%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures the sales tax revenue collected by the state of Texas from public utilities. It provides insight into consumer demand and economic activity within the state's 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 Texas metric tracks the sales tax revenue generated from the public utilities industry in Texas. This data point is used by economists and policymakers to gauge consumer spending patterns and overall economic conditions within the state.
Methodology
The data is collected by the Texas Comptroller of Public Accounts and reported to the U.S. Census Bureau.
Historical Context
This trend is closely monitored by state and federal officials to inform economic and fiscal policy decisions.
Key Facts
- Texas has the second-largest economy in the U.S.
- Public utilities account for over 5% of total state tax revenue in Texas.
- Sales tax is the largest source of tax revenue for the state of Texas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the sales tax revenue collected by the state of Texas from the public utilities industry, providing insight into consumer demand and economic activity in that sector.
Q: Why is this trend relevant for users or analysts?
A: This data point is closely tracked by economists and policymakers to gauge the overall health of the Texas economy and inform economic and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the Texas Comptroller of Public Accounts and reported to the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by state and federal officials to monitor consumer spending patterns and overall economic conditions in Texas, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is typically reported on a quarterly basis with a short delay, providing timely information to users.
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Citation
U.S. Federal Reserve, State Tax Collections: T15 Public Utilities Sales Tax for Texas (QTAXT15QTAXCAT3TXNO), retrieved from FRED.