State Tax Collections: T14 Pari-Mutuels Sales Tax for District of Columbia
QTAXT14QTAXCAT3DCNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 10/1/2010
Summary
The State Tax Collections: T14 Pari-Mutuels Sales Tax for District of Columbia measures the revenue generated from the sales tax on pari-mutuel betting activities in the District of Columbia. This metric is important for understanding the fiscal health and tax composition of the District's government.
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
This series tracks the quarterly tax revenue collected by the District of Columbia government from the sales tax levied on pari-mutuel betting activities, such as horse and dog racing. It provides insight into the economic activity and consumer behavior in the District's gambling and entertainment sectors.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government tax authorities.
Historical Context
Pari-mutuel tax collections are a key indicator of consumer demand for legalized gambling and can inform policy decisions around regulation and taxation.
Key Facts
- The District of Columbia levies a 10% sales tax on pari-mutuel betting activities.
- Pari-mutuel tax revenue accounts for less than 1% of the District's total tax collections.
- Tax collections on pari-mutuel activities have declined over the past decade due to reduced gambling participation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly tax revenue collected by the District of Columbia government from the sales tax levied on pari-mutuel betting activities, such as horse and dog racing.
Q: Why is this trend relevant for users or analysts?
A: Pari-mutuel tax collections provide insight into the economic activity and consumer behavior in the District's gambling and entertainment sectors, which can inform policy decisions around regulation and taxation.
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 tax collections are a key indicator of consumer demand for legalized gambling and can inform policy decisions around regulation and taxation in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Census Bureau, and there may be a delay of several months between the end of the reference period and the data release.
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Citation
U.S. Federal Reserve, State Tax Collections: T14 Pari-Mutuels Sales Tax for District of Columbia (QTAXT14QTAXCAT3DCNO), retrieved from FRED.