State Tax Collections: T27 Public Utilities License for Minnesota
QTAXT27QTAXCAT3MNNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T27 Public Utilities License for Minnesota' tracks the revenue from taxes on public utilities licenses in the state of Minnesota. This metric is important for economists and policymakers to understand state-level tax revenue streams.
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 measures the total tax collections from licenses for public utilities companies operating in the state of Minnesota. It provides insight into a key source of state government revenue and can inform policy decisions around taxation and infrastructure investment.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state-level tax authorities.
Historical Context
Policymakers and analysts use this data to assess the fiscal health and revenue sources of the Minnesota state government.
Key Facts
- Minnesota collects over $100 million annually from public utilities licensing fees.
- Public utilities account for approximately 5% of total state tax revenue in Minnesota.
- License fees on telecommunications, electric, and natural gas companies are a stable revenue source for the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state of Minnesota from licensing fees imposed on public utilities companies operating in the state.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into a key source of state government revenue and can inform policy decisions around taxation, infrastructure investment, and regulation of public utilities.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state-level tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the fiscal health and revenue sources of the Minnesota state government, which can inform decisions around budgeting, taxation, and public utility regulation.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Census Bureau, so there may be a short delay in availability compared to real-time state revenue collection.
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Citation
U.S. Federal Reserve, State Tax Collections: T27 Public Utilities License for Minnesota (QTAXT27QTAXCAT3MNNO), retrieved from FRED.