State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in North Carolina
NCALCOTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
598,684.00
Year-over-Year Change
85.37%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections on alcoholic beverage sales in North Carolina. It is an important indicator for state policymakers and economists to understand revenue from this excise tax.
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 North Carolina series tracks the total amount of tax revenue collected by the state government on the sale of alcoholic beverages. This data provides insight into consumer demand, state fiscal health, and the effectiveness of alcohol taxation policies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance departments.
Historical Context
Policymakers and analysts use this trend to evaluate the impact of alcohol taxation on state budgets and consumer behavior.
Key Facts
- North Carolina's alcohol tax collections totaled $442 million in 2021.
- Alcoholic beverage taxes account for approximately 2% of North Carolina's total state tax revenue.
- Alcohol tax rates in North Carolina have remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of tax revenue collected by the state government of North Carolina on the sale of alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into consumer demand for alcohol, state fiscal health, and the effectiveness of alcohol taxation policies.
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 departments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the impact of alcohol taxation on state budgets and consumer behavior.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in North Carolina (NCALCOTAX), retrieved from FRED.