State Tax Collections: T27 Public Utilities License for Rhode Island
QTAXT27QTAXCAT3RINO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections on public utilities licenses in Rhode Island. It provides insights into state government revenue sources and the regulatory environment for utilities.
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: T27 Public Utilities License for Rhode Island metric tracks the tax revenue collected by the state government from licensing fees and taxes imposed on public utility providers operating within Rhode Island. This data point offers visibility into the fiscal health and policy environment for the utilities sector in the state.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance departments.
Historical Context
This trend is used by economists, policymakers, and investors to assess the regulatory climate and fiscal position of Rhode Island's public utilities industry.
Key Facts
- Rhode Island collects over $20 million annually in public utilities license taxes.
- Utilities taxes account for 2-3% of total state tax revenue in Rhode Island.
- Public utilities license taxes have grown by 5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state government of Rhode Island from licensing fees and taxes imposed on public utility providers operating within the state.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the fiscal health and regulatory environment for the utilities sector in Rhode Island, which is relevant for economists, policymakers, and investors analyzing 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 government finance departments.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and investors to assess the regulatory climate and fiscal position of Rhode Island's public utilities industry, which informs policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, and may be subject to revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T27 Public Utilities License for Rhode Island (QTAXT27QTAXCAT3RINO), retrieved from FRED.