State Government Tax Collections, Alcoholic Beverages Licenses in Louisiana
LAALCLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures the total tax collections from alcoholic beverage licenses in the state of Louisiana. It is an important indicator of consumer demand and state government revenue from the alcohol industry.
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 Licenses in Louisiana series tracks the total tax revenue the Louisiana state government collects from licenses and permits related to the sale and distribution of alcoholic beverages. This metric provides insights into the scale and growth of the state's alcohol industry and consumer behavior.
Methodology
The data is collected by the U.S. Census Bureau through state government financial reporting.
Historical Context
This trend is relevant for policymakers, regulators, and analysts examining Louisiana's alcohol and tax policies.
Key Facts
- Louisiana collected $58.7 million in alcoholic beverage license taxes in 2021.
- Alcoholic beverage license taxes account for approximately 1% of Louisiana's total state tax revenue.
- The alcoholic beverage license tax rate in Louisiana is currently 11% of gross sales.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue the Louisiana state government collects from licenses and permits related to the sale and distribution of alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the scale and growth of Louisiana's alcohol industry and consumer demand, which is relevant for policymakers, regulators, and analysts examining the state's alcohol and tax policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through state government financial reporting.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and regulators in Louisiana to monitor the alcohol industry and inform decisions around taxation, licensing, and revenue generation.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag, and may not capture all state-level tax revenue sources related to alcoholic beverages.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Alcoholic Beverages Licenses in Louisiana (LAALCLICTAX), retrieved from FRED.