State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Nebraska
NEALCOTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,690.00
Year-over-Year Change
14.81%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections on alcoholic beverage sales in Nebraska. It provides insight into consumer demand and state tax revenue from this important 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 Nebraska series tracks the revenue generated by the state government's selective sales tax on alcoholic beverages. This data point is a key indicator of consumer spending and state fiscal health.
Methodology
The data is collected by the U.S. Census Bureau through state government reporting.
Historical Context
Policymakers and economists use this trend to analyze consumer behavior and state budgets.
Key Facts
- Nebraska's alcoholic beverage sales tax rate is 7%.
- Tax collections on alcoholic beverages account for around 1% of Nebraska's total state tax revenue.
- Alcoholic beverage sales taxes have remained relatively stable in Nebraska over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected by the state government of Nebraska through its selective sales tax on alcoholic beverage purchases.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into consumer demand for alcoholic products and the fiscal health of the Nebraska state government.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory state government tax reporting.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this data to understand consumer behavior and evaluate state budget and tax policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of a few months.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Alcoholic Beverages - Selective Sales Taxes in Nebraska (NEALCOTAX), retrieved from FRED.