State Tax Collections: T15 Public Utilities Sales Tax for Utah
QTAXT15QTAXCAT3UTNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
The State Tax Collections: T15 Public Utilities Sales Tax for Utah measures the sales tax revenue collected from the public utilities sector in the state of Utah. This data provides insights into the economic activity and tax base in this key industry.
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 Utah tracks the sales tax revenue generated from the public utilities sector, including electricity, gas, water, and telecommunications providers. This data is a valuable indicator of the financial health and economic output of this essential infrastructure industry within the state.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Historical Context
Policymakers and economists use this data to assess the strength of Utah's public utilities sector and its contribution to the state's overall tax revenue and economic growth.
Key Facts
- Utah's public utilities sales tax revenue totaled $452 million in 2021.
- The public utilities sector accounts for approximately 10% of Utah's total sales tax collections.
- Electricity and natural gas sales make up the largest components of the public utilities sales tax base in Utah.
FAQs
Q: What does this economic trend measure?
A: The State Tax Collections: T15 Public Utilities Sales Tax for Utah tracks the sales tax revenue generated from the public utilities sector in the state, including electricity, gas, water, and telecommunications providers.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the economic activity and tax base of Utah's public utilities sector, which is a key component of the state's infrastructure and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the strength of Utah's public utilities sector and its contribution to the state's overall tax revenue and economic growth.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, 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 Utah (QTAXT15QTAXCAT3UTNO), retrieved from FRED.