State Tax Collections: T15 Public Utilities Sales Tax for Iowa
QTAXT15QTAXCAT3IANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.00
Year-over-Year Change
11.76%
Date Range
1/1/1994 - 1/1/2025
Summary
The State Tax Collections: T15 Public Utilities Sales Tax for Iowa measures the total sales tax revenue collected from public utilities in the state of Iowa. This data is crucial for understanding trends in state tax revenue and the performance of the public utilities sector.
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 trend represents the total sales tax collected by the state of Iowa on the sale of public utility services, such as electricity, natural gas, and telecommunications. It is an important indicator of economic activity and consumer spending within the public utilities industry in the state.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Historical Context
Policymakers and analysts use this trend to assess the fiscal health of the state and the performance of the public utilities sector.
Key Facts
- Iowa's public utilities sales tax revenue totaled $304 million in 2021.
- The public utilities sales tax accounts for approximately 7% of Iowa's total state tax collections.
- Iowa's public utilities sales tax rate is currently 6%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total sales tax revenue collected by the state of Iowa on the sale of public utility services, such as electricity, natural gas, and telecommunications.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the fiscal health of the state of Iowa and the performance of the public utilities sector, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the state's tax revenue and the performance of the public utilities industry, which can inform decisions about taxation, spending, and economic development policies.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis with a delay of several months.
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Citation
U.S. Federal Reserve, State Tax Collections: T15 Public Utilities Sales Tax for Iowa (QTAXT15QTAXCAT3IANO), retrieved from FRED.