State Tax Collections: T10 Alcoholic Beverages Sales Tax for Oklahoma
QTAXT10QTAXCAT3OKNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.00
Year-over-Year Change
10.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from the sales of alcoholic beverages in Oklahoma. It provides insights into consumer spending and state fiscal conditions.
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 Oklahoma series tracks the revenue generated by the state's tax on the sale of alcoholic products. This data is used by policymakers and economists to analyze consumer behavior, state budgeting, and the overall economic environment.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government tax authorities.
Historical Context
This trend is relevant for assessing the fiscal health and policy decisions of the Oklahoma state government.
Key Facts
- Oklahoma's alcoholic beverages sales tax generated $106.4 million in revenue in 2021.
- The tax rate on alcoholic beverages in Oklahoma is 13.5%.
- Alcohol sales tax revenue accounts for approximately 2% of Oklahoma's total state tax collections.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue generated by Oklahoma's state sales tax on the purchase of alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending patterns and the fiscal health of the Oklahoma state government.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state and local government tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze consumer behavior, state budgeting, and the overall economic environment in Oklahoma.
Q: Are there update delays or limitations?
A: This data is typically released on a quarterly basis, with a lag of several months.
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Citation
U.S. Federal Reserve, State Tax Collections: T10 Alcoholic Beverages Sales Tax for Oklahoma (QTAXT10QTAXCAT3OKNO), retrieved from FRED.