State Tax Collections: T14 Pari-Mutuels Sales Tax for Delaware
QTAXT14QTAXCAT3DENO • 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 the pari-mutuel sales tax collections in the state of Delaware. It is an important indicator of consumer spending and state tax revenue.
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 Delaware tracks the revenue generated from taxes on bets placed at horse racing and other pari-mutuel events in the state. This data provides insights into consumer activity and is used to analyze the fiscal health of Delaware's government.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of their Quarterly Summary of State and Local Tax Revenue.
Historical Context
Pari-mutuel tax collections are relevant for policymakers and economists monitoring state budgets and consumer trends.
Key Facts
- Delaware relies on pari-mutuel taxes for around 1% of its total state tax revenue.
- Pari-mutuel tax collections peaked in 2007 at over $25 million.
- The COVID-19 pandemic significantly reduced pari-mutuel activity and related tax revenue in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the pari-mutuel sales tax collections in the state of Delaware, which includes taxes on bets placed at horse racing and other pari-mutuel events.
Q: Why is this trend relevant for users or analysts?
A: Pari-mutuel tax collections provide insights into consumer spending and state tax revenue, making this data relevant for policymakers, economists, and analysts monitoring Delaware's fiscal health and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of their Quarterly Summary of State and Local Tax Revenue.
Q: How is this trend used in economic policy?
A: Pari-mutuel tax collections are used by economists and policymakers to monitor consumer trends and state budgets, informing decisions related to fiscal policy, taxation, and economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a slight delay, and may be subject to revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T14 Pari-Mutuels Sales Tax for Delaware (QTAXT14QTAXCAT3DENO), retrieved from FRED.