State Government Tax Collections, Public Utilities - Selective Sales Taxes in Idaho
IDUTILITAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,072.00
Year-over-Year Change
-30.54%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections from public utilities' selective sales taxes in Idaho. It provides insights into the state's tax revenue from this sector, which is important for policymakers analyzing fiscal conditions.
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 IDUTILITAX series tracks the total amount of selective sales taxes collected by the Idaho state government from public utility companies. This data is used by economists and policymakers to monitor tax revenue trends and assess the overall fiscal health of the state.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state and local government finances.
Historical Context
Trends in public utility tax collections are relevant for understanding state budgets and the broader economic environment.
Key Facts
- Idaho relies on public utility taxes for a portion of its state revenue.
- Selective sales taxes on public utilities can fluctuate with changes in energy prices and consumption.
- Monitoring utility tax collections helps policymakers assess the state's overall fiscal position.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of selective sales taxes collected by the state government of Idaho from public utility companies.
Q: Why is this trend relevant for users or analysts?
A: Tracking public utility tax collections is important for understanding state government finances and the broader economic environment in Idaho.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state and local government finances.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to monitor tax revenue trends and assess the fiscal health of the state of Idaho.
Q: Are there update delays or limitations?
A: The data may have some delays in reporting due to the survey-based collection process.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Public Utilities - Selective Sales Taxes in Idaho (IDUTILITAX), retrieved from FRED.