State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Louisiana
LAALCOTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76,153.00
Year-over-Year Change
33.91%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures selective sales tax revenue from alcoholic beverage sales collected by the state government of Louisiana. It provides insight into consumer demand and spending patterns 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 Alcoholic Beverages - Selective Sales Taxes in Louisiana metric tracks state tax revenue from the sale of alcoholic drinks. This data point is used by economists and policymakers to analyze consumer behavior, tax policy impacts, and overall economic conditions in Louisiana.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax collections.
Historical Context
This trend is relevant for understanding consumer spending, tax policy, and economic performance in Louisiana.
Key Facts
- Louisiana collected $160 million in alcoholic beverage sales taxes in 2021.
- Alcohol taxes account for 2.5% of Louisiana's total state tax revenue.
- Selective sales taxes on alcohol have increased by 20% in Louisiana over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the selective sales tax revenue collected by the state government of Louisiana from the sale of alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer demand and spending patterns for alcohol products in Louisiana, which is useful for economists and policymakers analyzing the state's economy and tax policy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax collections.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand consumer behavior, evaluate the impacts of tax policy, and assess the overall economic conditions in Louisiana.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 3-month delay, and may be subject to revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Louisiana (LAALCOTAX), retrieved from FRED.