State Tax Collections: T10 Alcoholic Beverages Sales Tax for Iowa
QTAXT10QTAXCAT3IANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-20.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures state tax collections from the alcoholic beverages sales tax in Iowa. It is an important indicator of consumer spending and tax revenue for state 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 Iowa series tracks the monthly collections of the sales tax on alcoholic beverages in the state of Iowa. This metric provides insight into consumer demand and state fiscal conditions.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government finance.
Historical Context
State alcoholic beverage tax collections are closely monitored by economists and policymakers to assess consumer behavior and state budgets.
Key Facts
- Iowa's alcoholic beverages sales tax rate is currently 6%.
- Alcohol tax collections account for around 3% of Iowa's total tax revenue.
- Alcoholic beverage sales tend to be less sensitive to economic conditions than other consumer goods.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly tax collections from the sales tax on alcoholic beverages in the state of Iowa.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending on alcohol and is an important indicator of state tax revenue and fiscal conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state government finance.
Q: How is this trend used in economic policy?
A: State alcoholic beverage tax collections are closely monitored by economists and policymakers to assess consumer behavior and state budgets.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 month lag from the reference period.
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Citation
U.S. Federal Reserve, State Tax Collections: T10 Alcoholic Beverages Sales Tax for Iowa (QTAXT10QTAXCAT3IANO), retrieved from FRED.