State Tax Collections: T27 Public Utilities License for Tennessee
QTAXT27QTAXCAT3TNNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 4/1/2025
Summary
The 'State Tax Collections: T27 Public Utilities License for Tennessee' trend tracks tax revenue collected by the state of Tennessee from public utilities licenses.
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 indicator provides insight into the tax burden and revenue sources for Tennessee's state government. It is an important metric for understanding the fiscal health and policy priorities of the state.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Historical Context
Policymakers and analysts use this data to assess Tennessee's economic and budgetary conditions.
Key Facts
- Tennessee collected $78.1 million in public utilities license taxes in 2021.
- This accounted for 1.7% of Tennessee's total state tax revenue that year.
- Public utilities license taxes have comprised between 1-2% of Tennessee's state tax collections over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the tax revenue collected by the state of Tennessee from licenses issued to public utility companies operating in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into an important revenue source for Tennessee's state government, which can inform analyses of the state's fiscal health and policy priorities.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess Tennessee's economic and budgetary conditions, which can inform decisions around taxation, spending, and other fiscal policies.
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 before the most recent figures are available.
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Citation
U.S. Federal Reserve, State Tax Collections: T27 Public Utilities License for Tennessee (QTAXT27QTAXCAT3TNNO), retrieved from FRED.