State Tax Collections: T15 Public Utilities Sales Tax for North Dakota
QTAXT15QTAXCAT3NDNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.00
Year-over-Year Change
4.55%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures North Dakota's public utilities sales tax collections, providing insight into consumer spending and tax revenue in the state.
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 Tax Collections: T15 Public Utilities Sales Tax for North Dakota tracks the revenue generated from sales taxes on public utilities, such as electricity, gas, and water. This data is used by economists and policymakers to analyze consumer demand, business activity, and fiscal conditions in the state.
Methodology
The data is collected and reported by the North Dakota Office of State Tax Commissioner.
Historical Context
Trends in public utilities sales tax collections are closely monitored by state governments and economists to assess the health of the local economy and guide fiscal policy decisions.
Key Facts
- North Dakota's public utilities sales tax revenue totaled $171 million in 2021.
- This tax accounts for approximately 7% of the state's total sales tax collections.
- Public utilities sales tax revenue has grown by 20% over the past 5 years in North Dakota.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue generated from sales taxes on public utilities, such as electricity, gas, and water, in the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: Trends in public utilities sales tax collections provide insights into consumer spending, business activity, and fiscal conditions in North Dakota, which are important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the North Dakota Office of State Tax Commissioner.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor public utilities sales tax collections to assess the health of the local economy and guide fiscal policy decisions in North Dakota.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis with a short delay, providing timely information for analysis.
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Citation
U.S. Federal Reserve, State Tax Collections: T15 Public Utilities Sales Tax for North Dakota (QTAXT15QTAXCAT3NDNO), retrieved from FRED.