State Tax Collections: T14 Pari-Mutuels Sales Tax for Colorado
QTAXT14QTAXCAT3CONO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 4/1/2021
Summary
This economic trend measures Colorado's pari-mutuel sales tax collections, providing insights into the state's gambling and entertainment sector.
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 Colorado series tracks the revenue generated from the sales tax levied on pari-mutuel (e.g., horse racing, greyhound racing) gambling activities in the state. This data is useful for analyzing trends in Colorado's entertainment and tourism industries.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Pari-mutuel tax collections are an important indicator for state policymakers and economists monitoring the gambling and leisure sectors.
Key Facts
- Colorado's pari-mutuel sales tax revenue totaled $3.2 million in 2021.
- Pari-mutuel activities account for approximately 0.5% of Colorado's total sales tax collections.
- The pari-mutuel sales tax rate in Colorado is currently 4%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected from the sales tax on pari-mutuel gambling activities, such as horse and dog racing, in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the performance and trends of Colorado's entertainment and tourism sectors, which are important for state policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Pari-mutuel tax collections are used by state policymakers and economists to monitor the gambling and leisure industries in Colorado.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis with a delay of several months.
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Citation
U.S. Federal Reserve, State Tax Collections: T14 Pari-Mutuels Sales Tax for Colorado (QTAXT14QTAXCAT3CONO), retrieved from FRED.