State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Indiana
INALCOTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55,713.00
Year-over-Year Change
26.18%
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 Indiana. It provides insights into consumer demand and tax revenue for this important product 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 Indiana series tracks the tax revenue generated by the state government from the sale of alcoholic products. This data is used by economists and policymakers to analyze consumer behavior, forecast tax receipts, and inform alcohol-related policies.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Historical Context
Trends in alcoholic beverage tax collections are closely monitored by state governments, as this revenue stream can have significant implications for budgets and policy decisions.
Key Facts
- Indiana's alcoholic beverage tax collections totaled $53.4 million in Q4 2022.
- Alcohol tax revenue accounts for approximately 2% of Indiana's total state tax collections.
- Alcoholic beverage taxes have remained relatively stable in Indiana over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state government of Indiana from the sale of alcoholic beverages, such as beer, wine, and spirits.
Q: Why is this trend relevant for users or analysts?
A: Trends in alcoholic beverage tax collections provide insights into consumer demand and spending patterns, which are important for state budgeting, economic analysis, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze the impact of alcohol-related policies, forecast tax revenue, and understand consumer behavior in the alcoholic beverages market.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical 3-month lag between the end of the reference quarter and the publication of the data.
Related Trends
Civilian Labor Force in Indiana
INLF
All Employees: Other Services: Personal and Laundry Services in Indiana
SMU18000008081200001
Number of State Member Commercial Banks in Indiana
X08CBMBSIN
Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Indiana
INOTRANEQMANRGSP
Real Gross Domestic Product: Private Services-Providing Industries in Indiana
INPRISERVPRORGSP
Average Hourly Earnings of Production Employees: Manufacturing: Durable Goods in Indiana
SMU18000003100000008A
Citation
U.S. Federal Reserve, State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Indiana (INALCOTAX), retrieved from FRED.