State Government Tax Collections, Pari-Mutuels - Selective Sales Taxes in Arizona
AZPARITAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
186.00
Year-over-Year Change
-34.74%
Date Range
1/1/1951 - 1/1/2022
Summary
This economic trend measures Arizona's pari-mutuel selective sales tax collections, which are an important revenue source for state government.
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 Arizona' series tracks monthly tax receipts from pari-mutuel betting and other selective sales in the state. This provides insight into consumer activity and state fiscal conditions.
Methodology
The data is collected directly from the Arizona Department of Revenue.
Historical Context
This trend is closely monitored by state policymakers for budgeting and economic analysis.
Key Facts
- Arizona has a 5% pari-mutuel tax on betting activities.
- Pari-mutuel revenues account for about 1% of Arizona's total tax collections.
- Selective sales tax receipts reflect consumer trends in gambling and entertainment.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly tax collections from pari-mutuel betting and other selective sales in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer activity and state fiscal conditions in Arizona.
Q: How is this data collected or calculated?
A: The data is collected directly from the Arizona Department of Revenue.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by state policymakers for budgeting and economic analysis.
Q: Are there update delays or limitations?
A: The data is reported monthly with no significant delays.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Pari-Mutuels - Selective Sales Taxes in Arizona (AZPARITAX), retrieved from FRED.