State Tax Collections: T10 Alcoholic Beverages Sales Tax for California
QTAXT10QTAXCAT3CANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.00
Year-over-Year Change
-20.93%
Date Range
1/1/1994 - 1/1/2025
Summary
The State Tax Collections: T10 Alcoholic Beverages Sales Tax for California metric tracks the total sales tax revenue collected by the state of California on the sale of alcoholic beverages. This data point is of interest to economists and policymakers analyzing state-level tax policy and revenue sources.
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
This series represents the total amount of sales tax revenue generated from the sale of alcoholic beverages in the state of California. It is a key indicator of consumer demand and spending patterns within the alcohol industry, as well as the state's reliance on this tax as a revenue stream.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
This metric is used by economists, policymakers, and industry analysts to assess California's economic conditions and the role of alcohol-related tax revenue.
Key Facts
- California is the most populous U.S. state.
- Alcohol sales tax revenue accounts for over 2% of California's total state tax collections.
- The alcoholic beverages sales tax rate in California is 7.25%.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total sales tax revenue collected by the state of California on the sale of alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for economists and policymakers analyzing state-level tax policy, consumer spending patterns, and revenue sources.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric is used to assess California's economic conditions and the role of alcohol-related tax revenue in the state's fiscal policy.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, State Tax Collections: T10 Alcoholic Beverages Sales Tax for California (QTAXT10QTAXCAT3CANO), retrieved from FRED.