State Tax Collections: T10 Alcoholic Beverages Sales Tax for West Virginia
This dataset tracks state tax collections: t10 alcoholic beverages sales tax for west virginia over time.
Latest Value
5.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from alcoholic beverage sales in West Virginia. It provides insight into consumer spending and state revenue generation.
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 West Virginia metric tracks the revenue the state collects from excise taxes on the sale of alcoholic products. This data point is used by economists and policymakers to analyze consumer behavior and the fiscal health of the state.
Methodology
The data is collected directly from the West Virginia state government's tax revenue reporting.
Historical Context
This metric is relevant for understanding the state's economic performance and budgetary considerations.
Key Facts
- West Virginia's alcoholic beverage sales tax rate is 6%.
- Alcoholic beverage sales taxes account for 2% of West Virginia's total tax revenue.
- Alcoholic beverage sales tax collections have grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the revenue the state of West Virginia collects from its 6% excise tax on the sale of alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer spending patterns and state tax revenue, which are important for understanding West Virginia's economic and fiscal conditions.
Q: How is this data collected or calculated?
A: The data is collected directly from the West Virginia state government's tax revenue reporting.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the state's fiscal health and make informed decisions about budgets, tax policy, and economic development.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a 2-month lag, so the most recent information may not reflect the current economic situation.
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Citation
U.S. Federal Reserve, State Tax Collections: T10 Alcoholic Beverages Sales Tax for West Virginia (QTAXT10QTAXCAT3WVNO), retrieved from FRED.