State Government Tax Collections, Public Utilities - Selective Sales Taxes in South Dakota
SDUTILITAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,578.00
Year-over-Year Change
-2.67%
Date Range
1/1/1942 - 1/1/2024
Summary
The 'State Government Tax Collections, Public Utilities - Selective Sales Taxes in South Dakota' trend measures the revenue collected by the South Dakota government from selective sales taxes on public utilities. This data provides insight into a key component of 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
This economic indicator tracks the selective sales tax revenue collected by the South Dakota government from the state's public utility sector. It offers insights into consumer and business demand for utility services, as well as the overall health of the state's economy and tax collections.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of their quarterly survey of state government tax revenues.
Historical Context
Analysts and policymakers monitor this trend to assess the financial health of South Dakota's public utilities industry and the broader economic conditions in the state.
Key Facts
- South Dakota has no general sales tax, relying more heavily on selective sales taxes.
- Public utilities account for a significant portion of the state's tax revenue.
- Trends in utility tax collections reflect changes in consumer and business demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected by the South Dakota government from selective sales taxes on public utilities, such as electricity, natural gas, and telecommunications services.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the financial health of South Dakota's public utilities industry and the broader economic conditions in the state, which is important for policymakers and analysts monitoring the state's fiscal situation and economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of their quarterly survey of state government tax revenues.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to assess the financial health of South Dakota's public utilities industry and the broader economic conditions in the state, which can inform policy decisions related to taxation, regulation, and economic development.
Q: Are there update delays or limitations?
A: The data is reported quarterly by the U.S. Census Bureau, so there may be a short delay in the availability of the most recent information.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Public Utilities - Selective Sales Taxes in South Dakota (SDUTILITAX), retrieved from FRED.