State Tax Collections: T20 Alcoholic Beverages License for Michigan
This dataset tracks state tax collections: t20 alcoholic beverages license for michigan over time.
Latest Value
9.00
Year-over-Year Change
-400.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures state tax collections from alcoholic beverages licenses in Michigan, providing insights into alcohol-related economic activity and 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: T20 Alcoholic Beverages License for Michigan series tracks the quarterly tax revenue collected by the state of Michigan from licenses related to the sale and distribution of alcoholic beverages. This data is used by economists and policymakers to analyze trends in the alcohol industry and its contribution to state finances.
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 the economic and fiscal implications of the alcohol industry in Michigan.
Key Facts
- Michigan collected $58.4 million in alcoholic beverages license taxes in 2020.
- Alcoholic beverages license taxes account for approximately 1.5% of Michigan's total state tax revenue.
- Quarterly tax collections for this category have remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly tax revenue collected by the state of Michigan from licenses related to the sale and distribution of alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This data is used by economists and policymakers to analyze trends in the alcohol industry and its contribution to state finances in Michigan.
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: This trend is relevant for understanding the economic and fiscal implications of the alcohol industry in Michigan, which can inform state-level policies and regulations.
Q: Are there update delays or limitations?
A: The data is reported quarterly, with a typical release lag of 3-6 months.
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Citation
U.S. Federal Reserve, State Tax Collections: T20 Alcoholic Beverages License for Michigan (QTAXT20QTAXCAT3MINO), retrieved from FRED.