State Tax Collections: T10 Alcoholic Beverages Sales Tax for Idaho
This dataset tracks state tax collections: t10 alcoholic beverages sales tax for idaho over time.
Latest Value
2.00
Year-over-Year Change
-33.33%
Date Range
1/1/1994 - 1/1/2025
Summary
The State Tax Collections: T10 Alcoholic Beverages Sales Tax for Idaho tracks quarterly tax collections on the sale of alcoholic beverages in the state. This metric is a key indicator of consumer spending and state tax revenue from the alcohol industry.
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 measures the total tax revenue collected by the state of Idaho on the sale of alcoholic beverages. It provides insight into consumer demand and purchasing trends in the alcohol market, as well as the state's reliance on this revenue source.
Methodology
The data is collected directly from the Idaho State Tax Commission's reporting on quarterly tax collections.
Historical Context
Policymakers and economists monitor this metric to assess economic conditions and the fiscal health of the state.
Key Facts
- Idaho collects tax on the sale of beer, wine, and spirits.
- Alcoholic beverage taxes make up a significant portion of state revenue.
- Quarterly tax collections can fluctuate based on consumer demand.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total quarterly tax revenue collected by the state of Idaho on the sale of alcoholic beverages, including beer, wine, and spirits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending and purchasing patterns in the alcohol industry, as well as the state's reliance on tax revenue from this sector.
Q: How is this data collected or calculated?
A: The data is collected directly from reporting by the Idaho State Tax Commission on quarterly tax collections.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this indicator to assess economic conditions and the fiscal health of the state.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, State Tax Collections: T10 Alcoholic Beverages Sales Tax for Idaho (QTAXT10QTAXCAT3IDNO), retrieved from FRED.