State Tax Collections: T27 Public Utilities License for Virginia
QTAXT27QTAXCAT3VANO • 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
The 'State Tax Collections: T27 Public Utilities License for Virginia' trend measures the quarterly tax revenues collected by the state of Virginia from public utilities licenses. This provides insight into the economic activity and tax burden within the utilities sector.
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 tracks the tax revenues generated by fees and licenses for public utilities operations in Virginia. It serves as a barometer for the financial health and regulatory environment of the state's power, water, and telecommunications industries.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Historical Context
Policymakers and market analysts use this trend to assess the broader performance of Virginia's utilities sector and its contribution to state tax receipts.
Key Facts
- Virginia collected $263 million in public utilities taxes in 2021.
- Utilities taxes account for 3.5% of Virginia's total state tax revenue.
- Public utilities tax collections have grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly tax revenues collected by the state of Virginia from licenses and fees imposed on public utilities companies operating within the state.
Q: Why is this trend relevant for users or analysts?
A: The public utilities tax collections indicator provides insight into the financial health and regulatory environment of Virginia's power, water, and telecommunications industries, which are crucial to the state's economic activity and infrastructure.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess the broader performance of Virginia's utilities sector and its contribution to state tax receipts, which informs economic and regulatory decision-making.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a delay of approximately 3 months, so the most recent figures may not reflect the current economic environment.
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Citation
U.S. Federal Reserve, State Tax Collections: T27 Public Utilities License for Virginia (QTAXT27QTAXCAT3VANO), retrieved from FRED.