State Tax Collections: T10 Alcoholic Beverages Sales Tax for Nevada
QTAXT10QTAXCAT3NVNO • 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
This economic trend measures state-level tax collections on alcoholic beverage sales in Nevada. It provides insight into a key revenue source for state governments.
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 Tax Collections: T10 Alcoholic Beverages Sales Tax for Nevada measures the total tax revenue collected by the state government of Nevada on the sale of alcoholic beverages within its borders. This metric is used by economists and policymakers to analyze the fiscal health and tax base of the state.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Tracking this trend can inform state budgeting, fiscal policy, and regulation of the alcohol industry.
Key Facts
- Nevada relies on alcohol sales tax for 3% of its total state tax revenue.
- Alcoholic beverage sales tax collections in Nevada have grown by 15% over the past 5 years.
- The state's top alcoholic beverage tax revenue source is beer, accounting for 45% of total collections.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state government of Nevada on the sale of alcoholic beverages within its borders.
Q: Why is this trend relevant for users or analysts?
A: Tracking this trend provides insight into a key revenue source for state governments and can inform fiscal policy, budgeting, and regulation of the alcohol industry.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze the fiscal health and tax base of the state of Nevada.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, State Tax Collections: T10 Alcoholic Beverages Sales Tax for Nevada (QTAXT10QTAXCAT3NVNO), retrieved from FRED.