State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Alabama
ALALCOTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
283,550.00
Year-over-Year Change
63.66%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections from selective sales taxes on alcoholic beverages in Alabama. It provides important insights into consumer demand and state revenue from this key tax category.
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 - Selective Sales Taxes in Alabama series tracks the total tax revenue collected by the state government from the selective sales tax on the sale of alcoholic beverages. This metric helps analysts understand consumption patterns and the fiscal impact of this revenue stream for Alabama's state budget.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance.
Historical Context
Policymakers use this trend to inform decisions around alcohol taxation, regulation, and budgeting.
Key Facts
- Alabama's alcoholic beverage tax revenue was $305 million in 2021.
- This tax accounts for around 2% of Alabama's total state tax collections.
- Per capita alcohol tax revenue in Alabama is higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state government of Alabama from the selective sales tax on alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer demand and state government revenue from alcohol taxation, which is a key component of Alabama's fiscal policy and budget.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government finance.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to inform decisions around alcohol taxation, regulation, and budgeting at the state level in Alabama.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reporting period.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Alabama (ALALCOTAX), retrieved from FRED.