State Tax Collections: T14 Pari-Mutuels Sales Tax for Alabama
QTAXT14QTAXCAT3ALNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 4/1/2021
Summary
This economic trend measures Alabama's pari-mutuel sales tax collections, providing insights into the state's gambling and entertainment sectors.
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: T14 Pari-Mutuels Sales Tax for Alabama metric tracks the revenue generated from taxes levied on pari-mutuel betting activities, such as horse and dog racing. This data offers analysts a window into the performance and trends within Alabama's gambling and entertainment industries.
Methodology
The data is collected directly from the Alabama Department of Revenue.
Historical Context
Pari-mutuel tax revenue is an important consideration for policymakers and market participants when evaluating the economic health of Alabama's entertainment and gaming sectors.
Key Facts
- Alabama levies a 4% pari-mutuel sales tax.
- Pari-mutuel betting is legal in Alabama for horse and dog racing.
- Pari-mutuel tax revenue supports the state's general fund.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected by the state of Alabama from the 4% pari-mutuel sales tax on betting activities such as horse and dog racing.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the performance and trends within Alabama's gambling and entertainment sectors, which is useful for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is collected directly from the Alabama Department of Revenue.
Q: How is this trend used in economic policy?
A: Pari-mutuel tax revenue is an important consideration for policymakers when evaluating the economic health of Alabama's entertainment and gaming sectors.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis by the Federal Reserve, with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, State Tax Collections: T14 Pari-Mutuels Sales Tax for Alabama (QTAXT14QTAXCAT3ALNO), retrieved from FRED.