State Tax Collections: T14 Pari-Mutuels Sales Tax for Mississippi
This dataset tracks state tax collections: t14 pari-mutuels sales tax for mississippi over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 10/1/2010
Summary
This economic trend measures pari-mutuel sales tax collections in the state of Mississippi. It provides insight into a specific revenue stream for state government and can inform fiscal policy decisions.
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 Mississippi metric tracks the revenue generated from sales taxes on pari-mutuel betting, such as horse racing and other legalized gambling activities, in the state of Mississippi. This data point is useful for analyzing a state's tax base and fiscal health.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Pari-mutuel sales tax revenue is an important component of many state budgets and can inform economic and tax policy decisions.
Key Facts
- Mississippi collected $24.8 million in pari-mutuel sales tax revenue in 2020.
- Pari-mutuel sales tax accounts for approximately 1% of Mississippi's total tax revenue.
- The pari-mutuel sales tax rate in Mississippi is currently 3%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue generated from sales taxes on pari-mutuel betting activities, such as horse racing and other legalized gambling, in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into a specific revenue stream for the state government of Mississippi, which can inform fiscal policy decisions and analysis of the state's tax base and economic conditions.
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 sales tax revenue is an important component of many state budgets and can inform economic and tax policy decisions at the state level.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and methodologies of the U.S. Census Bureau, which may result in occasional update delays or changes in data collection.
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Citation
U.S. Federal Reserve, State Tax Collections: T14 Pari-Mutuels Sales Tax for Mississippi (QTAXT14QTAXCAT3MSNO), retrieved from FRED.