State Tax Collections: T27 Public Utilities License for Massachusetts
This dataset tracks state tax collections: t27 public utilities license for massachusetts 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 state-level tax collections from public utilities licenses in Massachusetts. It provides insight into a key revenue source for state 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: T27 Public Utilities License for Massachusetts metric tracks tax revenue generated from licenses and fees imposed on public utility companies operating within the state. This data is used by economists and policymakers to analyze state fiscal health and revenue trends.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
This metric is relevant for understanding state tax policy and the economic performance of the utilities sector.
Key Facts
- Utilities license taxes contribute approximately 2% of total state tax revenue in Massachusetts.
- The metric saw a 5% year-over-year decline in Q3 2022 due to economic slowdown.
- Utilities taxes make up a larger share of state revenue in some other states, up to 8%.
FAQs
Q: What does this economic trend measure?
A: This trend measures state-level tax revenue generated from licenses and fees imposed on public utility companies operating in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into an important revenue source for state governments and the economic performance of the utilities sector.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric is relevant for understanding state tax policy and fiscal health, as well as the economic conditions in the utilities industry.
Q: Are there update delays or limitations?
A: There is typically a 3-month lag in the reporting of this quarterly data by the Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T27 Public Utilities License for Massachusetts (QTAXT27QTAXCAT3MANO), retrieved from FRED.