State Government Tax Collections, Public Utilities - Selective Sales Taxes in Tennessee
TNUTILITAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,301.00
Year-over-Year Change
10.55%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend tracks state government tax collections from selective sales taxes on public utilities in Tennessee. It provides insights into state government revenue and the economic activity of the public utility 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
The State Government Tax Collections, Public Utilities - Selective Sales Taxes in Tennessee metric measures the revenue the state government collects from selective sales taxes on public utilities. This data is used by policymakers and analysts to monitor state fiscal conditions and understand the economic health of the utility industry.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This metric is relevant for understanding state budgets, utility sector performance, and the broader state economy.
Key Facts
- Tennessee collected $302 million in selective sales taxes on public utilities in 2021.
- Public utility tax collections account for around 2% of Tennessee's total state tax revenue.
- Selective sales taxes on utilities have grown by 15% in Tennessee over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the revenue the state government of Tennessee collects from selective sales taxes levied on public utilities, such as electricity, gas, and water providers.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into state government finances, the economic performance of the utility sector, and broader trends in Tennessee's economy.
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 government finance.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor state budgets, understand utility industry conditions, and assess the overall health of the Tennessee economy.
Q: Are there update delays or limitations?
A: This data is published quarterly by the Census Bureau, with a typical 3-month lag between the end of the reference period and data release.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Public Utilities - Selective Sales Taxes in Tennessee (TNUTILITAX), retrieved from FRED.