State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Hawaii
HIALCOTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,602.00
Year-over-Year Change
5.62%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures state government tax collections from selective sales taxes on alcoholic beverages in Hawaii. It provides insights into revenue streams and consumer demand for alcohol products 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 - Selective Sales Taxes in Hawaii trend represents the total revenue collected by the Hawaii state government from taxes levied on the sale of alcoholic beverages. This data point is used by economists and policymakers to analyze consumption patterns, estimate tax revenues, and inform alcohol regulation and taxation policies.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Historical Context
This trend is relevant for assessing the fiscal health of the Hawaii state government and understanding consumer behavior in the alcoholic beverages market.
Key Facts
- Hawaii's alcoholic beverage tax rate is $2.05 per gallon for distilled spirits, $0.93 per gallon for wine, and $0.93 per gallon for beer.
- Alcoholic beverage taxes accounted for approximately 3% of Hawaii's total state tax revenue in 2021.
- Hawaii's alcoholic beverage tax rates have remained unchanged since 2009.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total state government tax revenue collected from selective sales taxes on alcoholic beverages in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer demand for alcohol and state government revenues, which are important for policymakers and economists analyzing fiscal conditions and consumer behavior in Hawaii.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the fiscal health of the Hawaii state government, understand consumer demand for alcoholic beverages, and inform alcohol regulation and taxation policies.
Q: Are there update delays or limitations?
A: The data is reported quarterly by the U.S. Census Bureau, and there may be a 3-6 month delay in the most recent data being available.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Hawaii (HIALCOTAX), retrieved from FRED.