State Tax Collections: T20 Alcoholic Beverages License for Indiana
QTAXT20QTAXCAT3INNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
25.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from alcoholic beverages licenses in Indiana. It provides insight into a key revenue source for state governments.
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: T20 Alcoholic Beverages License for Indiana data series tracks the quarterly tax revenue generated by licensing fees and taxes on the sale of alcoholic beverages in the state. This metric is used by economists and policymakers to analyze Indiana's fiscal health and tax policy.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government finances.
Historical Context
This trend is relevant for understanding Indiana's tax structure and policy decisions around alcohol regulation and taxation.
Key Facts
- Indiana collected $25.2 million in alcoholic beverages license taxes in 2020.
- Alcoholic beverages taxes account for 1.2% of Indiana's total state tax revenue.
- Quarterly alcoholic beverages license tax collections in Indiana have grown by 8.9% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly tax revenue collected by the state of Indiana from licensing fees and taxes on the sale of alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: The alcoholic beverages license tax revenue is an important component of Indiana's overall state tax collections and fiscal health. Analyzing this trend can provide insights into the state's alcohol regulation and taxation policies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state government finances.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to understand Indiana's tax structure, evaluate the impact of alcohol regulation, and inform decisions around state budgeting and fiscal policy.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a lag of several months, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, State Tax Collections: T20 Alcoholic Beverages License for Indiana (QTAXT20QTAXCAT3INNO), retrieved from FRED.