State Tax Collections: T14 Pari-Mutuels Sales Tax for New Hampshire
QTAXT14QTAXCAT3NHNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 4/1/2021
Summary
This economic trend measures pari-mutuel sales tax revenue collected by the state of New Hampshire. It is an important indicator of activity in the state's horse racing and gambling industries.
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: T14 Pari-Mutuels Sales Tax for New Hampshire series tracks the monthly sales tax revenue generated from pari-mutuel betting and related gambling activities in the state. This metric provides insight into the performance and economic impact of New Hampshire's horse racing and sports betting sectors.
Methodology
The data is collected and reported by the New Hampshire Department of Revenue Administration.
Historical Context
Pari-mutuel tax revenues are closely monitored by state policymakers and industry analysts to gauge the health of legalized gambling activities.
Key Facts
- New Hampshire has a 10% pari-mutuel sales tax.
- Pari-mutuel betting is legal for horse racing and certain other sports in New Hampshire.
- Pari-mutuel tax revenue supports the state's general fund.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly sales tax revenue collected by the state of New Hampshire from pari-mutuel betting and related gambling activities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and economic impact of New Hampshire's horse racing and sports betting industries, which is of interest to policymakers, industry analysts, and economists.
Q: How is this data collected or calculated?
A: The data is collected and reported by the New Hampshire Department of Revenue Administration.
Q: How is this trend used in economic policy?
A: Pari-mutuel tax revenues are closely monitored by state policymakers to gauge the health of legalized gambling activities and their contribution to the state's general fund.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, State Tax Collections: T14 Pari-Mutuels Sales Tax for New Hampshire (QTAXT14QTAXCAT3NHNO), retrieved from FRED.