State Government Tax Collections, Pari-Mutuels - Selective Sales Taxes in Alabama
ALPARITAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,221.00
Year-over-Year Change
148.15%
Date Range
1/1/1951 - 1/1/2022
Summary
This economic trend measures selective sales taxes collected by the state government of Alabama on pari-mutuel betting. It is an important indicator of consumer spending and economic activity in the state's gambling and entertainment 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, Pari-Mutuels - Selective Sales Taxes in Alabama' trend tracks the revenue generated by the state government through taxes on pari-mutuel betting, which includes horse racing and other legalized gambling activities. This data provides insights into consumer behavior and demand for entertainment and recreational services in Alabama.
Methodology
The data is collected and reported by the U.S. Census Bureau based on reports from the Alabama Department of Revenue.
Historical Context
Pari-mutuel tax collections are closely monitored by policymakers and economists to assess the health of Alabama's gambling and tourism industries.
Key Facts
- Alabama collected $22.5 million in pari-mutuel taxes in 2021.
- Pari-mutuel taxes account for approximately 0.4% of Alabama's total state tax revenue.
- Pari-mutuel tax collections have declined by 30% over the past decade in Alabama.
FAQs
Q: What does this economic trend measure?
A: This trend measures the selective sales taxes collected by the state government of Alabama on pari-mutuel betting, which includes horse racing and other legalized gambling activities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending and economic activity in Alabama's gambling and entertainment sector, which is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on reports from the Alabama Department of Revenue.
Q: How is this trend used in economic policy?
A: Pari-mutuel tax collections are used by policymakers and economists to assess the health of Alabama's gambling and tourism industries, which are important contributors to the state's economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 3-month delay.
Related Trends
Total Deposits in All Banks in Alabama
X08TDABAL
Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in Alabama
ALAPPLEATHMANNGSP
State Government Tax Collections, Corporation Net Income Taxes in Alabama
ALCORPINCTX
State Government Tax Collections, Public Utilities Licenses in Alabama
ALUTILLICTAX
Housing Inventory: Median Days on Market Year-Over-Year in Alabama
MEDDAYONMARYYAL
All Employees: Manufacturing: Durable Goods in Alabama
SMS01000003100000001
Citation
U.S. Federal Reserve, State Government Tax Collections, Pari-Mutuels - Selective Sales Taxes in Alabama (ALPARITAX), retrieved from FRED.