State Tax Collections: T27 Public Utilities License for Connecticut
This dataset tracks state tax collections: t27 public utilities license for connecticut over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures Connecticut's tax collections from public utilities licenses, providing insight into the state's fiscal health and revenue sources.
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: T27 Public Utilities License for Connecticut tracks the revenue generated by the state through taxes and fees levied on public utilities operating within its borders. This data is a key indicator of economic activity and government finances.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of its quarterly survey of state tax revenue.
Historical Context
Policymakers and economists use this metric to analyze Connecticut's tax policies and the broader utility industry's performance.
Key Facts
- Connecticut collected $49.2 million in public utilities license taxes in 2021.
- Utilities taxes account for approximately 2% of Connecticut's total tax revenue.
- Public utilities tax collections have grown by 12% over the past 5 years in Connecticut.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of Connecticut from licenses and fees levied on public utility companies operating within the state.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Connecticut's fiscal health and the performance of the state's utility industry, which is crucial for policymakers and economists analyzing state-level economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of its quarterly survey of state tax revenue.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Connecticut's tax policies and the broader performance of the utility industry, which is an important contributor to the state's economy.
Q: Are there update delays or limitations?
A: The data is reported quarterly, with a slight delay, and may be subject to revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T27 Public Utilities License for Connecticut (QTAXT27QTAXCAT3CTNO), retrieved from FRED.