State Tax Collections: T27 Public Utilities License for South Carolina
QTAXT27QTAXCAT3SCNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures state tax collections for public utilities licenses in South Carolina. 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 South Carolina metric tracks the taxes and fees collected by the state government from public utilities operating within its borders. This data is used by policymakers and analysts to understand South Carolina's fiscal health and revenue streams.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This trend is relevant for assessing the business climate and tax burden faced by public utilities in South Carolina.
Key Facts
- South Carolina collects over $100 million annually in public utilities license taxes.
- Utility taxes account for 5% of South Carolina's total state tax revenue.
- The public utilities license tax rate in South Carolina is 5% of gross receipts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax collections by the state of South Carolina on licenses and fees paid by public utilities operating within the state.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into a key revenue source for the South Carolina state government and can be used to assess the business climate and tax burden for public utilities in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government finance.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to understand South Carolina's fiscal health and revenue streams, which can inform decisions around taxation, regulation, and public utility policy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Tax Collections: T27 Public Utilities License for South Carolina (QTAXT27QTAXCAT3SCNO), retrieved from FRED.