State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Arizona
AZALCOTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88,510.00
Year-over-Year Change
29.44%
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 Arizona. It provides insights into the state's alcohol consumption and tax revenue.
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 Arizona series tracks the total revenue collected by the Arizona state government from excise taxes on the sale of alcoholic beverages. This data point is used by economists and policymakers to analyze alcohol consumption trends and their impact on state fiscal policy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government revenue sources.
Historical Context
This trend is relevant for understanding Arizona's alcohol market and informing state tax and regulatory policies.
Key Facts
- Arizona collected $58.2 million in alcoholic beverage taxes in 2021.
- Alcoholic beverage taxes account for about 1% of Arizona's total state tax revenue.
- Arizona's alcoholic beverage tax rate is $0.84 per gallon for distilled spirits, $0.16 per gallon for wine, and $0.16 per gallon for beer.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue collected by the Arizona state government from selective sales taxes on the sale of alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into alcohol consumption patterns and their impact on state tax revenue, which is useful for economists and policymakers analyzing Arizona's fiscal and regulatory environment.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government revenue sources.
Q: How is this trend used in economic policy?
A: This trend is used by Arizona policymakers to inform decisions about state alcohol taxation and regulation, as well as to monitor the fiscal impact of changes in alcohol consumption.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Arizona (AZALCOTAX), retrieved from FRED.