State Tax Collections: T14 Pari-Mutuels Sales Tax for South Carolina
This dataset tracks state tax collections: t14 pari-mutuels sales tax for south carolina over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 7/1/2020
Summary
This economic trend measures pari-mutuel (gambling) sales tax collections in South Carolina, providing insights into 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 South Carolina series tracks the monthly sales tax revenue generated from pari-mutuel gambling activities within the state. This data is used by economists and policymakers to analyze consumer spending patterns and the fiscal health of South Carolina's state government.
Methodology
The data is collected and published by the U.S. Federal Reserve.
Historical Context
This trend is relevant for understanding state-level tax policies and the impact of gambling on local economies.
Key Facts
- South Carolina has a 5% sales tax on pari-mutuel gambling activities.
- Pari-mutuel gambling includes horse racing, greyhound racing, and jai alai.
- Pari-mutuel sales tax revenue helps fund South Carolina's state budget.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly sales tax revenue collected by the state of South Carolina from pari-mutuel (gambling) activities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending on gambling and helps analysts and policymakers understand the fiscal impact of the pari-mutuel industry on South Carolina's state budget.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the role of gambling in South Carolina's economy and inform decisions about state tax policies.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical 1-2 month delay. There may be limitations in capturing all pari-mutuel sales tax revenue.
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Citation
U.S. Federal Reserve, State Tax Collections: T14 Pari-Mutuels Sales Tax for South Carolina (QTAXT14QTAXCAT3SCNO), retrieved from FRED.