State Tax Collections: T20 Alcoholic Beverages License for New York
QTAXT20QTAXCAT3NYNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.00
Year-over-Year Change
-17.65%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from alcoholic beverages licenses in New York. It provides insights 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 New York trend tracks the tax revenue generated by licenses for the sale of alcoholic beverages in the state. This data point is important for understanding state fiscal health and the economic impact of the alcoholic beverages industry.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finances.
Historical Context
Policymakers and analysts use this trend to assess the tax burden and regulatory environment for the alcoholic beverages sector.
Key Facts
- New York generated $305 million in alcoholic beverages license tax revenue in 2021.
- Alcoholic beverages license taxes account for 1.4% of New York's total state tax collections.
- The state's alcoholic beverages tax revenue has grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of New York from licenses for the sale of alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into a key revenue source for state governments and the economic impact of the alcoholic beverages industry.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government finances.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the tax burden and regulatory environment for the alcoholic beverages sector.
Q: Are there update delays or limitations?
A: The data is published with a several-month delay and may not capture all revenue sources.
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Citation
U.S. Federal Reserve, State Tax Collections: T20 Alcoholic Beverages License for New York (QTAXT20QTAXCAT3NYNO), retrieved from FRED.