State Tax Collections: T10 Alcoholic Beverages Sales Tax for Ohio
QTAXT10QTAXCAT3OHNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.00
Year-over-Year Change
-6.90%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections on alcoholic beverage sales in Ohio. It provides insights into consumer demand and state fiscal health.
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 Ohio tracks the total tax revenue generated from the sale of alcoholic beverages within the state. This metric is used by economists and policymakers to analyze consumer spending patterns and evaluate state fiscal conditions.
Methodology
The data is collected by state revenue agencies and reported to the U.S. Census Bureau.
Historical Context
This trend is relevant for assessing state budgets, consumer behavior, and the broader alcohol industry.
Key Facts
- Ohio's alcoholic beverage sales tax revenue totaled $274 million in 2021.
- Alcoholic beverage sales tax accounts for approximately 2% of Ohio's total state tax collections.
- The state's alcoholic beverage sales tax rate is currently 18%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state of Ohio from the sale of alcoholic beverages, including beer, wine, and spirits.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer demand for alcoholic products and the fiscal health of the state government, which is important for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected by the Ohio Department of Taxation and reported to the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess state budgets, consumer spending patterns, and the broader alcohol industry, which can inform policy decisions related to taxation, regulation, and economic development.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis with a delay of several months, so there may be a lag in the most recent information.
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Citation
U.S. Federal Reserve, State Tax Collections: T10 Alcoholic Beverages Sales Tax for Ohio (QTAXT10QTAXCAT3OHNO), retrieved from FRED.