State Government Tax Collections, Public Utilities - Selective Sales Taxes in Hawaii
HIUTILITAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
159,222.00
Year-over-Year Change
5.78%
Date Range
1/1/1955 - 1/1/2024
Summary
The 'State Government Tax Collections, Public Utilities - Selective Sales Taxes in Hawaii' trend measures state tax revenue from public utility sales in Hawaii. This provides insight into Hawaii's tax base and 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
This economic indicator tracks state tax collections from public utility sales in Hawaii, including taxes on electricity, gas, and other utilities. It offers a barometer of economic conditions and revenue for state policymakers.
Methodology
The data is collected by the U.S. Census Bureau through state government reporting.
Historical Context
This metric is used by economists and policymakers to analyze Hawaii's tax revenue and trends in utility consumption.
Key Facts
- Hawaii collects a selective sales tax on public utility services.
- This tax represents a significant portion of the state's total tax revenue.
- Utility tax collections can reflect changes in economic activity and consumer spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures state tax revenue collected from public utility sales in Hawaii, including taxes on electricity, gas, and other utility services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Hawaii's tax base and economic conditions, as utility tax collections can reflect changes in consumer spending and business activity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through state government reporting.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze Hawaii's tax revenue and trends in utility consumption, which can inform economic and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is updated quarterly, and there may be some lag in reporting from state governments.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Public Utilities - Selective Sales Taxes in Hawaii (HIUTILITAX), retrieved from FRED.