State Government Tax Collections, Alcoholic Beverages Licenses in Connecticut
CTALCLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,941.00
Year-over-Year Change
18.66%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections from alcoholic beverage licenses in Connecticut. It provides insight into the regulatory environment and tax revenue generation from the liquor 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
The State Government Tax Collections, Alcoholic Beverages Licenses in Connecticut series tracks the tax revenue collected by the Connecticut state government from licenses and permits related to the sale and distribution of alcoholic beverages. This data point is used by economists and policymakers to analyze the economic impact of the liquor industry and assess the state's tax policies.
Methodology
The data is collected directly from Connecticut state government administrative records.
Historical Context
This trend is relevant for understanding state-level tax policies and the economic role of the alcoholic beverage industry.
Key Facts
- Connecticut collected $6.2 million in alcoholic beverage license taxes in 2021.
- Alcoholic beverage licenses account for around 1% of total state tax revenue in Connecticut.
- The number of active liquor licenses in Connecticut has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the Connecticut state government from licenses and permits related to the sale and distribution of alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the regulatory environment and economic significance of the liquor industry in Connecticut, which is useful for economists and policymakers analyzing state-level tax policies and industry impacts.
Q: How is this data collected or calculated?
A: The data is directly collected from Connecticut state government administrative records on alcoholic beverage licensing and tax collections.
Q: How is this trend used in economic policy?
A: This trend is used by economists and state policymakers to understand the tax revenue generation and economic role of the alcoholic beverage industry in Connecticut.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so the most recent figures may not reflect the current economic conditions.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Alcoholic Beverages Licenses in Connecticut (CTALCLICTAX), retrieved from FRED.