State Tax Collections: T10 Alcoholic Beverages Sales Tax for Florida
QTAXT10QTAXCAT3FLNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.00
Year-over-Year Change
-1.30%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures quarterly tax collections from alcoholic beverage sales in the state of Florida. It provides insights into consumer spending and revenue generation for state and local governments.
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 Tax Collections: T10 Alcoholic Beverages Sales Tax for Florida series tracks the total taxes collected on the sale of alcoholic beverages in the state. This data point is used by economists and policymakers to analyze consumer behavior, state fiscal conditions, and the impacts of policy changes on alcohol-related revenues.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau based on state government tax records.
Historical Context
This trend is relevant for understanding the fiscal health of state and local governments, as well as broader consumer and economic trends.
Key Facts
- Florida's alcoholic beverage sales tax collections were $283 million in Q4 2022.
- Alcoholic beverage sales taxes account for 2.4% of Florida's total state tax revenue.
- Taxes on alcohol sales have increased by 7.2% in Florida over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total quarterly tax collections from the sale of alcoholic beverages in the state of Florida.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending patterns and is an important revenue source for state and local governments.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau based on state government tax records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze consumer behavior, state fiscal conditions, and the impacts of policy changes on alcohol-related revenues.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 2-3 months.
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Citation
U.S. Federal Reserve, State Tax Collections: T10 Alcoholic Beverages Sales Tax for Florida (QTAXT10QTAXCAT3FLNO), retrieved from FRED.