State Tax Collections: T27 Public Utilities License for North Carolina
QTAXT27QTAXCAT3NCNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
75.00%
Date Range
1/1/1994 - 4/1/2025
Summary
This economic trend measures state tax collections from public utilities licenses in North Carolina. It provides insights 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 North Carolina metric tracks the tax revenue generated by licenses and fees paid by public utility companies operating in the state. This data is used by policymakers and economists to analyze trends in state tax revenue and the fiscal health of the state government.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of its quarterly survey of state tax collections.
Historical Context
This metric is relevant for assessing the overall tax burden and revenue sources for state governments.
Key Facts
- North Carolina collects over $100 million annually from public utilities licenses.
- Public utilities account for approximately 5% of total state tax revenue in North Carolina.
- The public utilities license tax rate in North Carolina is 3.22%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of North Carolina from licenses and fees paid by public utility companies operating in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into a key revenue source for state governments, which is useful for policymakers and economists analyzing state fiscal health and tax policies.
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 collections.
Q: How is this trend used in economic policy?
A: This metric is relevant for assessing the overall tax burden and revenue sources for state governments, which informs policymaking and fiscal planning.
Q: Are there update delays or limitations?
A: The data is reported quarterly by the Census Bureau, so there may be a several-month delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, State Tax Collections: T27 Public Utilities License for North Carolina (QTAXT27QTAXCAT3NCNO), retrieved from FRED.