State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Colorado
COALCOTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56,047.00
Year-over-Year Change
44.39%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures state government tax collections from selective sales taxes on alcoholic beverages in Colorado. It provides insight into consumer spending and government revenue generation.
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 Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Colorado series represents the revenue collected by the state government through selective sales taxes on alcoholic beverages. This metric is used to analyze consumer demand, tax policy, and state fiscal health.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This trend is relevant for policymakers, economists, and investors analyzing Colorado's consumer behavior and fiscal conditions.
Key Facts
- Colorado collected $324 million in alcoholic beverage sales taxes in 2021.
- Alcoholic beverage sales taxes account for 3.2% of Colorado's total state tax revenue.
- The alcoholic beverage sales tax rate in Colorado is 2.9%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected by the state government of Colorado through selective sales taxes on alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and the fiscal health of the Colorado state government.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government finance.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors use this trend to analyze Colorado's consumer behavior and fiscal conditions.
Q: Are there update delays or limitations?
A: The data is typically updated quarterly with a short delay.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Colorado (COALCOTAX), retrieved from FRED.