State Tax Collections: T15 Public Utilities Sales Tax for Massachusetts
QTAXT15QTAXCAT3MANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-83.33%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures the public utilities sales tax revenue collected by the state of Massachusetts. It provides insight into the state's fiscal health and the economic activity in the public utilities sector.
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: T15 Public Utilities Sales Tax for Massachusetts tracks the revenue generated from taxes levied on the sale of public utilities, such as electricity, gas, and water, within the state. This data is used by policymakers and economists to analyze the financial performance of the public utilities industry and its impact on the overall state economy.
Methodology
The data is collected and reported by the U.S. Census Bureau through state tax revenue surveys.
Historical Context
This trend is closely monitored by state and federal policymakers to assess the economic conditions and inform fiscal and regulatory decisions.
Key Facts
- Massachusetts has the 15th largest economy in the United States.
- Public utilities account for approximately 2% of the state's GDP.
- The public utilities sales tax revenue has increased by 8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected by the state of Massachusetts from the sales tax levied on public utilities, such as electricity, gas, and water.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the financial performance of the public utilities sector and its impact on the state's overall economy, which is valuable for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through state tax revenue surveys.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by state and federal policymakers to assess the economic conditions and inform fiscal and regulatory decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical 3-month lag between the end of the reporting period and the publication of the data.
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Citation
U.S. Federal Reserve, State Tax Collections: T15 Public Utilities Sales Tax for Massachusetts (QTAXT15QTAXCAT3MANO), retrieved from FRED.