State Government Tax Collections, Alcoholic Beverages Licenses in Alabama
ALALCLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,607.00
Year-over-Year Change
8.94%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures the total tax revenue from alcoholic beverage licenses collected by the state government of Alabama. It provides insights into alcohol-related economic activity and tax policy in the state.
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, Alcoholic Beverages Licenses in Alabama series tracks the total revenue generated from licensing fees for the sale and distribution of alcoholic beverages within the state. This data is used by policymakers and economists to analyze trends in alcohol consumption, enforcement, and the fiscal impact of alcohol-related taxes.
Methodology
The data is collected and reported by the Alabama Department of Revenue.
Historical Context
This trend is relevant for understanding state tax policy, budgeting, and the regulation of the alcohol industry.
Key Facts
- Alabama collected $42.3 million in alcoholic beverage license taxes in 2021.
- Alcoholic beverage taxes account for about 2% of Alabama's total state tax revenue.
- The state's alcohol tax revenue has grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state government of Alabama from fees and licenses related to the sale and distribution of alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into alcohol consumption patterns, the regulatory environment, and the fiscal impact of alcohol-related taxes in Alabama.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Alabama Department of Revenue.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze state tax policy, budgeting, and the regulation of the alcohol industry.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Alcoholic Beverages Licenses in Alabama (ALALCLICTAX), retrieved from FRED.