State Tax Collections: T10 Alcoholic Beverages Sales Tax for Maryland
QTAXT10QTAXCAT3MDNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
-10.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This series tracks quarterly state tax collections on alcoholic beverage sales in Maryland. It provides insights into consumer spending and state government revenue.
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 Maryland metric represents the total tax revenue the state of Maryland collects from the sale of alcoholic beverages. This data point is a key indicator of consumer demand and spending patterns in the state's alcohol market.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to monitor consumer behavior and assess the fiscal health of Maryland's state government.
Key Facts
- Maryland's alcoholic beverage sales tax generated over $300 million in state revenue in 2021.
- The alcoholic beverage sales tax accounts for approximately 3% of Maryland's total state tax collections.
- Beer sales make up the largest share of Maryland's alcoholic beverage tax revenue.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total quarterly tax revenue the state of Maryland collects from the sale of alcoholic beverages within its borders.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending patterns and the fiscal health of Maryland's state government, which is useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor consumer behavior and assess the fiscal impacts of Maryland's alcoholic beverage industry.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a 1-3 month delay in the most recent figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T10 Alcoholic Beverages Sales Tax for Maryland (QTAXT10QTAXCAT3MDNO), retrieved from FRED.