State Tax Collections: T14 Pari-Mutuels Sales Tax for West Virginia
This dataset tracks state tax collections: t14 pari-mutuels sales tax for west virginia over time.
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1994 - 4/1/2021
Summary
The 'State Tax Collections: T14 Pari-Mutuels Sales Tax for West Virginia' trend measures tax revenue generated from pari-mutuel (betting) activities in West Virginia. This data point is important for economists and policymakers to assess the state's fiscal health and tax base.
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 sales tax revenue collected by the state of West Virginia on pari-mutuel, or betting, activities. Pari-mutuel taxes are a key source of state revenue, particularly in states with active horse racing and other gambling industries.
Methodology
The data is collected directly from the West Virginia state government's tax revenue reporting.
Historical Context
Pari-mutuel tax collections are used by economists and policymakers to analyze trends in the state's gaming industry and overall tax base.
Key Facts
- West Virginia has a thriving horse racing and gambling industry.
- Pari-mutuel taxes account for over $20 million in annual state revenue.
- Tax collections on betting activities fluctuate with the economy and gaming trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the sales tax revenue collected by the state of West Virginia on pari-mutuel, or betting, activities such as horse racing and other gambling.
Q: Why is this trend relevant for users or analysts?
A: Pari-mutuel tax collections are an important indicator of activity in West Virginia's gaming industry and a key component of the state's overall tax base and fiscal health.
Q: How is this data collected or calculated?
A: The data is collected directly from the West Virginia state government's tax revenue reporting.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to analyze trends in West Virginia's gaming industry and assess the state's overall tax base and fiscal conditions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a short delay, so it may not reflect the most recent quarter's activity.
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Citation
U.S. Federal Reserve, State Tax Collections: T14 Pari-Mutuels Sales Tax for West Virginia (QTAXT14QTAXCAT3WVNO), retrieved from FRED.