Taxes on production and imports: State government: Sales taxes: Public utilities
L305171A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.55
Year-over-Year Change
-6.06%
Date Range
1/1/1958 - 1/1/2023
Summary
This economic trend measures state government sales taxes on public utilities, providing insights into consumer spending and state tax revenue.
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 'Taxes on production and imports: State government: Sales taxes: Public utilities' series tracks the sales taxes collected by state governments on the provision of public utility services. This data is a key indicator of consumer demand and state fiscal conditions.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through state government tax records.
Historical Context
This trend is used by economists and policymakers to analyze consumer spending patterns and state government tax revenue.
Key Facts
- Sales taxes on public utilities make up a significant portion of state tax revenue.
- This trend can signal changes in consumer demand for utility services.
- The data is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the sales taxes collected by state governments on public utility services, such as electricity, gas, and water.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending patterns and state government tax revenue, which are important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through state government tax records.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess consumer demand, state fiscal conditions, and the overall state of the economy.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical lag of several months.
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Citation
U.S. Federal Reserve, Taxes on production and imports: State government: Sales taxes: Public utilities (L305171A027NBEA), retrieved from FRED.