State Tax Collections: T10 Alcoholic Beverages Sales Tax for Colorado
QTAXT10QTAXCAT3CONO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
-7.69%
Date Range
1/1/1994 - 1/1/2025
Summary
The State Tax Collections: T10 Alcoholic Beverages Sales Tax for Colorado tracks quarterly sales tax revenue from alcoholic beverage sales in the state. This metric is an important indicator of consumer demand and economic activity in the alcohol industry.
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
This series measures the total state sales tax revenue collected from the sale of alcoholic beverages in Colorado. It is a key statistic used by economists and policymakers to monitor consumer spending patterns and assess the health of the local alcohol market.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
Trends in alcoholic beverage sales tax revenue provide insights into consumer confidence and spending habits that can inform economic and fiscal policy decisions.
Key Facts
- Alcoholic beverage sales tax revenue in Colorado totaled $171 million in Q4 2022.
- The state's alcoholic beverage sales tax rate is 2.9%.
- Colorado's alcoholic beverage sales tax revenue has grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total state sales tax revenue collected from the sale of alcoholic beverages in Colorado.
Q: Why is this trend relevant for users or analysts?
A: Trends in alcoholic beverage sales tax revenue provide insights into consumer spending patterns and the health of the local alcohol market, which can inform economic and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor consumer confidence, spending habits, and the performance of the alcohol industry, which can inform decisions around taxation, regulation, and economic stimulus.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months, so the most recent quarter's figures may not be immediately available.
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Citation
U.S. Federal Reserve, State Tax Collections: T10 Alcoholic Beverages Sales Tax for Colorado (QTAXT10QTAXCAT3CONO), retrieved from FRED.