State Tax Collections: T15 Public Utilities Sales Tax for Wyoming
QTAXT15QTAXCAT3WYNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
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 Wyoming. It provides insights into a key revenue source for state and local governments.
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 Wyoming tracks the total sales tax revenue collected from public utilities in the state. This metric is an important indicator of economic activity and consumer spending patterns within the utilities sector.
Methodology
The data is collected and reported by the U.S. Census Bureau through quarterly tax revenue surveys.
Historical Context
Policymakers and analysts use this trend to assess the fiscal health and revenue streams of state and local governments in Wyoming.
Key Facts
- Wyoming collects this tax on electricity, natural gas, and water utility sales.
- Public utilities sales tax accounted for 5.2% of Wyoming's total tax revenue in 2021.
- This tax source has shown volatility in recent years due to changes in energy markets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total sales tax revenue collected from public utilities like electricity, natural gas, and water providers in the state of Wyoming.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into a key revenue source for state and local governments in Wyoming, indicating economic activity and consumer spending patterns in the utilities sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through quarterly tax revenue surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the fiscal health and revenue streams of state and local governments in Wyoming.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a slight delay in availability compared to real-time economic conditions.
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Citation
U.S. Federal Reserve, State Tax Collections: T15 Public Utilities Sales Tax for Wyoming (QTAXT15QTAXCAT3WYNO), retrieved from FRED.