State Tax Collections: T10 Alcoholic Beverages Sales Tax for New Jersey
QTAXT10QTAXCAT3NJNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This series tracks New Jersey's tax collections from alcoholic beverage sales, a key component of the state's overall tax revenue. It provides insights into consumer spending patterns and the economic health of the state's 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
The State Tax Collections: T10 Alcoholic Beverages Sales Tax for New Jersey represents the quarterly tax revenue the state collects from the sale of alcoholic beverages. This data is used by economists and policymakers to monitor consumer behavior, assess the impact of tax policies, and forecast state fiscal conditions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government tax authorities.
Historical Context
This trend is closely watched by lawmakers, industry groups, and market analysts to understand the broader economic landscape in New Jersey.
Key Facts
- New Jersey's alcoholic beverages sales tax generated over $300 million in revenue in 2021.
- The state's tax rate on alcoholic beverage sales is currently 7%.
- Alcoholic beverages sales tax accounts for approximately 2% of New Jersey's total tax collections.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly tax revenue that the state of New Jersey collects from the sale of alcoholic beverages within its borders.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and the economic health of New Jersey's alcohol industry, which is important for policymakers and economists to monitor.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state and local government tax authorities.
Q: How is this trend used in economic policy?
A: This trend is closely watched by lawmakers, industry groups, and market analysts to understand the broader economic landscape in New Jersey and inform policy decisions related to taxation and regulation of the alcohol industry.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical lag of several months between the end of the quarter and the data publication.
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Citation
U.S. Federal Reserve, State Tax Collections: T10 Alcoholic Beverages Sales Tax for New Jersey (QTAXT10QTAXCAT3NJNO), retrieved from FRED.