State Tax Collections: T20 Alcoholic Beverages License for New Jersey
QTAXT20QTAXCAT3NJNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T20 Alcoholic Beverages License for New Jersey' trend measures revenue from alcoholic beverage licensing fees collected by the state government of New Jersey. This data provides insights into the economic and regulatory environment of the alcohol industry in the state.
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 economic trend tracks the total amount of tax revenue generated from alcoholic beverage licenses in New Jersey. It serves as an indicator of commercial activity and regulatory compliance within the state's alcohol production, distribution, and retail sectors.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax collection records.
Historical Context
Policymakers and industry analysts use this trend to monitor the fiscal health and regulatory environment of New Jersey's alcohol market.
Key Facts
- New Jersey collected over $40 million in alcoholic beverage licensing fees in 2021.
- Licensing revenue has grown by 15% in the past 5 years.
- The state has over 13,000 active alcoholic beverage licenses.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue collected by the state government of New Jersey from licensing fees for the production, distribution, and retail sale of alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the fiscal and regulatory environment of New Jersey's alcohol industry, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax collection records.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to monitor the commercial activity and regulatory compliance within New Jersey's alcohol market, which informs economic and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 3-month lag between the end of the reference period and public release.
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Citation
U.S. Federal Reserve, State Tax Collections: T20 Alcoholic Beverages License for New Jersey (QTAXT20QTAXCAT3NJNO), retrieved from FRED.