State Government Tax Collections, Alcoholic Beverages Licenses in North Carolina
NCALCLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,470.00
Year-over-Year Change
90.13%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections on alcoholic beverage licenses in North Carolina. It provides insight into state-level tax revenue and consumption patterns.
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 North Carolina series tracks tax revenue generated by the state government from licensing fees and taxes on the sale of alcoholic beverages. This data point is used by economists and policymakers to analyze trends in alcohol consumption, tax policy, and state fiscal conditions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Historical Context
This trend is relevant for understanding North Carolina's alcohol regulation policies and their impact on tax revenue and public health.
Key Facts
- North Carolina collected $38.2 million in alcoholic beverage license taxes in 2021.
- Alcohol tax revenue accounts for approximately 1.5% of North Carolina's total state tax collections.
- The state's alcoholic beverage license fees have increased by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state government of North Carolina from licensing fees and taxes on the sale of alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into North Carolina's alcohol consumption patterns and the state's fiscal conditions, which is relevant for economists, policymakers, and market analysts.
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 agencies.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the impact of alcohol regulation and taxation on state revenue and public health outcomes.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Alcoholic Beverages Licenses in North Carolina (NCALCLICTAX), retrieved from FRED.