State Tax Collections: T15 Public Utilities Sales Tax for the United States
This dataset tracks state tax collections: t15 public utilities sales tax for the united states over time.
Latest Value
4608.00
Year-over-Year Change
13.97%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T15 Public Utilities Sales Tax for the United States' measures total sales tax revenue from the public utilities sector collected by state governments across the country.
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 economic trend provides insight into consumer spending patterns and state fiscal conditions. It is a key indicator used by economists, policymakers, and analysts to assess the health of the utilities market and state budgets.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
This metric informs analyses of state and local tax policy, public infrastructure investment, and energy market trends.
Key Facts
- Public utilities account for over $50 billion in annual state tax revenue.
- Sales tax on utilities makes up 5-10% of total state tax collections.
- Trends in this metric reflect changes in consumer demand and utility prices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total sales tax revenue collected by state governments from the public utilities sector, including electricity, natural gas, water, and other utility services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer spending patterns, state fiscal conditions, and the overall health of the utilities market. It is widely used by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau as part of their State Tax Collections program.
Q: How is this trend used in economic policy?
A: This indicator informs analyses of state and local tax policy, public infrastructure investment, and energy market trends. It is closely monitored by government agencies, think tanks, and private sector analysts.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of approximately two months. There may be occasional revisions to historical figures as new information becomes available.
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Citation
U.S. Federal Reserve, State Tax Collections: T15 Public Utilities Sales Tax for the United States (QTAXT15QTAXCAT3USNO), retrieved from FRED.