State Tax Collections: T15 Public Utilities Sales Tax for Virginia
QTAXT15QTAXCAT3VANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures public utilities sales tax collections in the state of Virginia. It provides important insights into consumer and business activity in the utilities 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 Virginia metric tracks the monthly sales tax revenue generated from the utilities industry in the state. It serves as a key indicator of economic conditions and consumer spending patterns related to public utilities.
Methodology
The data is collected and reported by the U.S. Census Bureau through state-level tax revenue surveys.
Historical Context
Economists and policymakers analyze this trend to assess the health of Virginia's utilities sector and broader economic performance.
Key Facts
- Virginia's public utilities sales tax revenue totaled $195 million in 2021.
- This trend has shown steady growth over the past decade, reflecting increasing consumer demand.
- The utilities sector accounts for approximately 4% of Virginia's total sales tax collections.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly sales tax revenue generated from the public utilities industry in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer and business activity in Virginia's utilities sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through state-level tax revenue surveys.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this trend to assess the health of Virginia's utilities sector and broader economic performance, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with a typical 2-3 month lag, so there may be some delay in accessing the most recent figures.
Related Trends
State Tax Collections: T14 Pari-Mutuels Sales Tax for Idaho
QTAXT14QTAXCAT3IDNO
Median Adjusted Gross Income for Missouri
MEDAGIMO29A052NCEN
State Tax Collections: T99 Taxes, Not Elsewhere Classified for Georgia
QTAXT99QTAXCAT3GANO
Individual Income Tax Filing: Tax Due at Time of Filing
TXDATFL
Individual Income Tax Filing: Refundable American Opportunity Credit Used to Offset Income Tax Before Credits
RFAOCTOITBC
State Tax Collections: Total Taxes for Georgia
QTAXTOTALQTAXCAT3GANO
Citation
U.S. Federal Reserve, State Tax Collections: T15 Public Utilities Sales Tax for Virginia (QTAXT15QTAXCAT3VANO), retrieved from FRED.