State Tax Collections: T10 Alcoholic Beverages Sales Tax for Hawaii
QTAXT10QTAXCAT3HINO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.00
Year-over-Year Change
-27.78%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from the sales of alcoholic beverages in Hawaii. It provides insight into consumer spending patterns and tax revenue sources for policymakers.
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 Hawaii tracks the quarterly tax revenue generated from the sale of alcoholic goods in the state. This metric is used to analyze consumer behavior, evaluate tax policy, and forecast state budgets.
Methodology
The data is collected directly from the Hawaii Department of Taxation.
Historical Context
This trend is valuable for assessing the health of Hawaii's consumer economy and informing state fiscal policy decisions.
Key Facts
- Hawaii has a 4% state sales tax on alcoholic beverages.
- Alcoholic beverage sales account for approximately 5% of Hawaii's total state tax revenue.
- Tax collections on alcoholic sales in Hawaii have grown by 8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly tax revenue collected by the state of Hawaii from the sale of alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and is an important source of tax revenue for the state, making it relevant for economic analysts and policymakers.
Q: How is this data collected or calculated?
A: The data is collected directly from the Hawaii Department of Taxation.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the health of Hawaii's consumer economy and inform state fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a 2-month lag.
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Citation
U.S. Federal Reserve, State Tax Collections: T10 Alcoholic Beverages Sales Tax for Hawaii (QTAXT10QTAXCAT3HINO), retrieved from FRED.