State Tax Collections: T15 Public Utilities Sales Tax for New Jersey
QTAXT15QTAXCAT3NJNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
243.00
Year-over-Year Change
18.54%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures sales tax revenue from the public utilities sector in New Jersey. It provides insight into the state's tax base and economic activity.
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 New Jersey tracks tax receipts from sales of electricity, gas, water, and other utility services in the state. This metric is used by economists and policymakers to monitor revenue sources and the health of the public utilities industry.
Methodology
The data is collected and reported by the U.S. Census Bureau through quarterly state tax collection surveys.
Historical Context
This trend is relevant for understanding state fiscal conditions and can inform policy decisions around tax rates and infrastructure investment.
Key Facts
- New Jersey's public utilities sales tax generated $1.2 billion in revenue in 2020.
- Utility sales tax accounts for 12% of New Jersey's total state tax collections.
- Public utilities sales tax revenue in New Jersey has grown by 3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures sales tax revenue collected by the state of New Jersey from the public utilities sector, including electricity, gas, water, and other utility services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health of New Jersey's public utilities industry and is used by economists and policymakers to monitor a key revenue source for the state government.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through quarterly state tax collection surveys.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding state fiscal conditions and can inform policy decisions around tax rates and infrastructure investment in New Jersey.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Census Bureau with a lag of several months.
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Citation
U.S. Federal Reserve, State Tax Collections: T15 Public Utilities Sales Tax for New Jersey (QTAXT15QTAXCAT3NJNO), retrieved from FRED.