State Tax Collections: T10 Alcoholic Beverages Sales Tax for New York
QTAXT10QTAXCAT3NYNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.00
Year-over-Year Change
-29.21%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures state tax collections on alcoholic beverage sales in New York. It provides insights into consumer spending patterns and tax revenue generation for policymakers.
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 New York series tracks the quarterly tax revenue collected by the state of New York on the sale of alcoholic beverages. This data point is used by economists and analysts to monitor consumer demand, state fiscal health, and the effectiveness of tax policies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Historical Context
This metric is closely watched by state budget offices and policymakers to assess the impact of economic conditions and tax policies on consumer behavior and state revenues.
Key Facts
- New York collected $2.4 billion in alcoholic beverage sales tax in 2022.
- Alcoholic beverage sales tax accounts for 3.2% of New York's total state tax revenue.
- The alcoholic beverage sales tax rate in New York is currently 8.82%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly tax revenue collected by the state of New York on the sale of alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This data point is used by economists and policymakers to monitor consumer demand, state fiscal health, and the effectiveness of tax policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Q: How is this trend used in economic policy?
A: This metric is closely watched by state budget offices and policymakers to assess the impact of economic conditions and tax policies on consumer behavior and state revenues.
Q: Are there update delays or limitations?
A: The data is reported quarterly, with a typical 2-3 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, State Tax Collections: T10 Alcoholic Beverages Sales Tax for New York (QTAXT10QTAXCAT3NYNO), retrieved from FRED.