State Government Tax Collections, Public Utilities Licenses in Montana
MTUTILLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.00
Year-over-Year Change
30.00%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures state government tax collections from public utilities licenses in Montana. It provides important insights into the revenue generated from this source and can inform state fiscal and energy policy decisions.
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 Government Tax Collections, Public Utilities Licenses in Montana metric tracks the total tax revenue collected by the state government from licenses and fees paid by public utilities operating within Montana. This data point is a key indicator of the financial contribution of the utilities sector to the state's overall tax base.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance operations.
Historical Context
Policymakers use this metric to assess the fiscal health and revenue streams of the state government.
Key Facts
- Montana collected $12.4 million in public utilities license taxes in 2020.
- Utility license taxes account for 2.3% of Montana's total state tax revenue.
- Public utilities tax collections have grown by 17% in Montana over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total tax revenue collected by the state government of Montana from licenses and fees paid by public utilities operating within the state.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the financial contribution of the utilities sector to Montana's state tax base, which is important for assessing the state's fiscal health and informing energy and tax policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government finance operations.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to evaluate the revenue streams and fiscal health of the Montana state government, which can inform decisions around taxation, energy regulation, and public infrastructure investment.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year, so the most recent figures may not reflect the current economic conditions.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Public Utilities Licenses in Montana (MTUTILLICTAX), retrieved from FRED.