State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Montana
MTALCOTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,247.00
Year-over-Year Change
41.82%
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 Montana. It provides insights into consumer demand and government revenue from this sector.
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 Montana series tracks tax revenue generated by the state government from selective sales taxes on the sale of alcoholic beverages. This data point is used by economists and policymakers to analyze consumer spending patterns and state fiscal conditions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax revenue sources.
Historical Context
This metric is closely watched by state budget analysts and lawmakers to understand the health of the local alcohol industry and its contribution to government coffers.
Key Facts
- Montana collected $25.6 million in alcoholic beverage taxes in 2020.
- Tax revenue from alcoholic beverages accounts for 1.5% of Montana's total state tax collections.
- Per capita alcoholic beverage tax collections in Montana were $24 in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state government of Montana 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 consumer demand for alcoholic products in Montana and the state's reliance on tax revenue from this sector.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax revenue sources.
Q: How is this trend used in economic policy?
A: State budget analysts and lawmakers closely monitor this metric to understand the health of the local alcohol industry and its contribution to government coffers.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Montana (MTALCOTAX), retrieved from FRED.