State Tax Collections: T10 Alcoholic Beverages Sales Tax for Kentucky
QTAXT10QTAXCAT3KYNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.00
Year-over-Year Change
7.14%
Date Range
1/1/1994 - 1/1/2025
Summary
This data series tracks state tax collections from the alcoholic beverages sales tax in Kentucky. It provides insight into consumer demand and spending patterns for alcohol in the state.
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 Kentucky measures the tax revenue generated from the sale of alcoholic beverages in the state. This data is used by economists and policymakers to analyze consumer behavior, predict tax revenue, and inform alcohol-related policies.
Methodology
The data is collected by the U.S. Census Bureau through quarterly state government tax revenue surveys.
Historical Context
This economic trend is relevant for understanding state fiscal conditions and informing alcohol taxation and regulation policies.
Key Facts
- Kentucky's alcoholic beverages sales tax rate is currently 9%.
- Tax collections from this source accounted for 2.1% of Kentucky's total tax revenue in 2021.
- Alcoholic beverages sales tax revenue in Kentucky has grown by an average of 4.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the tax revenue collected by the state of Kentucky from the sales 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 demand and spending patterns for alcohol in Kentucky, which is useful for economic analysis and informing alcohol-related policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through quarterly surveys of state government tax revenue.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze state fiscal conditions, predict tax revenue, and inform policies related to alcohol taxation and regulation.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months, so the most recent quarter's figures may not be available.
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Citation
U.S. Federal Reserve, State Tax Collections: T10 Alcoholic Beverages Sales Tax for Kentucky (QTAXT10QTAXCAT3KYNO), retrieved from FRED.