State Tax Collections: T20 Alcoholic Beverages License for Minnesota
This dataset tracks state tax collections: t20 alcoholic beverages license for minnesota over time.
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from alcoholic beverages licenses in Minnesota. It provides insights into a key revenue source for state budgets and the broader alcohol industry.
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 Minnesota data series tracks the total tax revenue collected by the state government from licenses related to the production, distribution, and sale of alcoholic drinks. This metric is an important indicator of economic activity and policy in Minnesota's alcohol sector.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
Historical Context
Policymakers and industry analysts use this trend to monitor the fiscal and economic impacts of Minnesota's alcohol regulation and taxation.
Key Facts
- Minnesota collects over $20 million annually from alcoholic beverages licenses.
- Tax revenue from this source accounts for 1-2% of the state's total tax collections.
- The alcoholic beverages license tax rate in Minnesota is 3.2%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state government of Minnesota from licenses related to the production, distribution, and sale of alcoholic drinks.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into a key revenue source for state budgets and the broader economic activity of Minnesota's alcohol industry.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to monitor the fiscal and economic impacts of Minnesota's alcohol regulation and taxation.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Census Bureau with a typical 3-month lag.
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Citation
U.S. Federal Reserve, State Tax Collections: T20 Alcoholic Beverages License for Minnesota (QTAXT20QTAXCAT3MNNO), retrieved from FRED.