State Tax Collections: T10 Alcoholic Beverages Sales Tax for Texas
QTAXT10QTAXCAT3TXNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
429.00
Year-over-Year Change
12.30%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures alcoholic beverage sales tax collections in the state of Texas. It is an important indicator for state fiscal policy and revenue forecasting.
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 Texas series tracks quarterly tax revenue from sales of alcoholic beverages in Texas. This provides insight into consumer spending patterns and helps state governments plan budgets and adjust tax policies.
Methodology
The data is collected and reported by the Texas Comptroller of Public Accounts.
Historical Context
Policymakers and analysts use this trend to assess the health of Texas's economy and the impact of tax policies on consumer behavior.
Key Facts
- Texas collects over $1 billion annually in alcoholic beverage sales tax.
- The alcoholic beverage sales tax rate in Texas is 6.7%.
- Quarterly tax collections show seasonal variation due to consumer demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures quarterly tax revenue from sales of alcoholic beverages in the state of Texas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer spending and helps policymakers plan budgets and assess the impact of tax policies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Texas Comptroller of Public Accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of Texas's economy and the impact of tax policies on consumer behavior.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short delay, providing timely information for policymakers and analysts.
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Citation
U.S. Federal Reserve, State Tax Collections: T10 Alcoholic Beverages Sales Tax for Texas (QTAXT10QTAXCAT3TXNO), retrieved from FRED.