State Tax Collections: T20 Alcoholic Beverages License for Pennsylvania
QTAXT20QTAXCAT3PANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from alcoholic beverage licenses in Pennsylvania, providing insights into the state's alcohol industry and tax revenue sources.
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 Pennsylvania data series tracks the quarterly tax revenue generated by the licensing of alcoholic beverage sales in the state. This metric is used by economists and policymakers to monitor the performance and taxation of Pennsylvania's alcohol market.
Methodology
The data is collected and reported by the U.S. Census Bureau through state and local government tax revenue surveys.
Historical Context
This trend is relevant for understanding Pennsylvania's fiscal policy, regulatory environment, and economic activity in the alcohol industry.
Key Facts
- Pennsylvania collected $56.3 million in alcoholic beverage license taxes in 2021.
- Alcoholic beverage licensing accounts for approximately 1% of Pennsylvania's total state tax revenue.
- The state's alcohol tax collections have grown by 8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly tax revenue generated by the licensing of alcoholic beverage sales in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and taxation of Pennsylvania's alcohol industry, which is relevant for understanding the state's fiscal policy, regulatory environment, and economic activity.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through state and local government tax revenue surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor Pennsylvania's alcohol market and tax revenue sources, which can inform decisions around fiscal policy, regulation, and economic development.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Census Bureau, with a typical 3-month lag between the end of the reporting period and the public release of the data.
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Citation
U.S. Federal Reserve, State Tax Collections: T20 Alcoholic Beverages License for Pennsylvania (QTAXT20QTAXCAT3PANO), retrieved from FRED.