State Government Tax Collections, Pari-Mutuels - Selective Sales Taxes in Louisiana
LAPARITAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,727.00
Year-over-Year Change
8.71%
Date Range
1/1/1951 - 1/1/2022
Summary
This trend measures the selective sales tax revenue from pari-mutuel wagering collected by the state government of Louisiana. It provides insight into a key component of Louisiana's tax base and economic activity in the state's gambling 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, Pari-Mutuels - Selective Sales Taxes in Louisiana' series tracks the revenue Louisiana generates from taxes on pari-mutuel betting, a common form of gambling on horse and dog races. This data helps economists and policymakers analyze the state's fiscal health and the performance of its gaming sector.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Historical Context
Pari-mutuel tax revenue is an important consideration for Louisiana policymakers when assessing the state's economic and fiscal conditions.
Key Facts
- Louisiana collects selective sales taxes on pari-mutuel betting.
- Pari-mutuel taxes account for a portion of Louisiana's state government revenue.
- This data series tracks changes in pari-mutuel tax collections over time.
FAQs
Q: What does this economic trend measure?
A: This trend measures the selective sales tax revenue the state government of Louisiana collects from pari-mutuel wagering, a common form of gambling on horse and dog races.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into a key component of Louisiana's tax base and economic activity in the state's gambling industry, which is relevant for economists and policymakers analyzing the state's fiscal health and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Q: How is this trend used in economic policy?
A: Pari-mutuel tax revenue is an important consideration for Louisiana policymakers when assessing the state's economic and fiscal conditions.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be some delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Pari-Mutuels - Selective Sales Taxes in Louisiana (LAPARITAX), retrieved from FRED.