State Government Tax Collections, Public Utilities Licenses in North Dakota
NDUTILLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-33.33%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend tracks state government tax collections from public utilities licenses in North Dakota. It provides insights into the tax revenue generated from the licensing of public utilities, which is an important component of state government finances.
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 North Dakota series measures the tax revenue collected by the North Dakota state government from the licensing of public utilities operating within the state. This data point is a key indicator of the economic activity and tax base related to the public utilities sector in North Dakota.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of its State Government Tax Collections survey.
Historical Context
This trend is used by economists, policymakers, and market analysts to assess the fiscal health and tax revenue streams of the North Dakota state government.
Key Facts
- North Dakota is a major producer of oil, gas, and electricity.
- Public utilities are a significant source of tax revenue for the state.
- Tax collections from public utilities licenses have fluctuated with energy market conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the North Dakota state government from the licensing of public utilities, such as electric, gas, and water companies, operating within the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the fiscal health and tax revenue streams of the North Dakota state government, which is relevant for policymakers, economists, and market analysts tracking the state's economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of its State Government Tax Collections survey.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to assess the revenue sources and fiscal position of the North Dakota state government, which can inform decisions about budgeting, taxation, and public service provision.
Q: Are there update delays or limitations?
A: The data is published annually by the U.S. Census Bureau, so there may be a delay of several months between the end of the reporting period and the release of the data.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Public Utilities Licenses in North Dakota (NDUTILLICTAX), retrieved from FRED.