State Tax Collections: T14 Pari-Mutuels Sales Tax for Arkansas
QTAXT14QTAXCAT3ARNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 4/1/2021
Summary
This economic trend measures the total sales tax revenue collected on pari-mutuel wagering in Arkansas. It is an important indicator of consumer spending and state tax receipts within the gambling 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: T14 Pari-Mutuels Sales Tax for Arkansas represents the total sales tax revenue collected by the state government on pari-mutuel, or off-track, betting activities. This data point is used by economists and policymakers to analyze trends in consumer spending, state tax revenues, and the overall health of the gambling industry in Arkansas.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government tax authorities.
Historical Context
Pari-mutuel sales tax revenue is a key input for state budget planning and economic forecasting.
Key Facts
- Arkansas collected $8.2 million in pari-mutuel sales tax revenue in 2021.
- Pari-mutuel sales tax accounts for 1.3% of Arkansas's total state tax collections.
- Pari-mutuel tax revenue has declined by 7% in Arkansas over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total sales tax revenue collected by the state of Arkansas on pari-mutuel, or off-track, betting activities.
Q: Why is this trend relevant for users or analysts?
A: This data point is used by economists and policymakers to analyze trends in consumer spending, state tax revenues, and the overall health of the gambling industry in Arkansas.
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: Pari-mutuel sales tax revenue is a key input for state budget planning and economic forecasting in Arkansas.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag.
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Citation
U.S. Federal Reserve, State Tax Collections: T14 Pari-Mutuels Sales Tax for Arkansas (QTAXT14QTAXCAT3ARNO), retrieved from FRED.