State Tax Collections: T99 Taxes, Not Elsewhere Classified for Utah
QTAXT99QTAXCAT3UTNO • 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 economic trend measures state-level tax collections in Utah for the 'Not Elsewhere Classified' tax category. It provides insights into the state's revenue sources and broader economic activity.
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: T99 Taxes, Not Elsewhere Classified for Utah' series tracks a specific subcategory of Utah's total state tax revenue. This 'Not Elsewhere Classified' category captures tax sources that do not fit into other defined tax types, offering a unique window into the state's fiscal landscape.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state-level tax authorities.
Historical Context
Policymakers and analysts use this metric to assess Utah's economic performance and the diversification of its tax base.
Key Facts
- Utah's 'Not Elsewhere Classified' tax collections totaled $195 million in 2021.
- This tax category accounts for around 2% of Utah's total state tax revenue.
- Tax collections in this category have grown by 7% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures state-level tax collections in Utah for the 'Not Elsewhere Classified' tax category, which includes revenue sources that do not fit into other defined tax types.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the diversification of Utah's tax base and can be used to assess the state's broader economic performance and fiscal health.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state-level tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to understand Utah's economic activity and the composition of its tax revenue sources.
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 accessing the most recent information.
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Citation
U.S. Federal Reserve, State Tax Collections: T99 Taxes, Not Elsewhere Classified for Utah (QTAXT99QTAXCAT3UTNO), retrieved from FRED.