State Tax Collections: T27 Public Utilities License for Ohio
QTAXT27QTAXCAT3OHNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T27 Public Utilities License for Ohio' trend measures license tax revenue collected by the state of Ohio from public utility companies operating within its borders.
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
This data series tracks one component of Ohio's overall state tax collections, specifically the license fees paid by public utility providers like electricity, natural gas, and telecommunications companies. The trend is used by economists and policymakers to analyze the health and activity of Ohio's utility industry.
Methodology
The data is collected and reported quarterly by the Ohio Department of Taxation.
Historical Context
State tax revenue, including utility license fees, is an important indicator for policymakers assessing Ohio's fiscal conditions and economic performance.
Key Facts
- Ohio collected $231 million in public utility license taxes in 2021.
- Utility license taxes account for 3.5% of Ohio's total state tax revenue.
- This tax revenue has grown by 7.3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'State Tax Collections: T27 Public Utilities License for Ohio' trend measures the quarterly license tax revenue collected by the state of Ohio from public utility companies operating within its borders.
Q: Why is this trend relevant for users or analysts?
A: This data series is an important indicator of the health and activity of Ohio's utility industry, which is a key component of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the Ohio Department of Taxation.
Q: How is this trend used in economic policy?
A: State tax revenue, including utility license fees, is an important metric for policymakers assessing Ohio's fiscal conditions and economic outlook.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 60 days.
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Citation
U.S. Federal Reserve, State Tax Collections: T27 Public Utilities License for Ohio (QTAXT27QTAXCAT3OHNO), retrieved from FRED.