State Tax Collections: T10 Alcoholic Beverages Sales Tax for Pennsylvania
QTAXT10QTAXCAT3PANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from the alcoholic beverages sales tax in Pennsylvania. It provides insights into consumer demand and tax revenue generation.
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 Pennsylvania measures the total revenue collected by the state government from the excise tax on the sale of alcoholic beverages. This data is used by economists and policymakers to analyze consumer spending patterns and assess the fiscal impact of alcohol-related taxes.
Methodology
The data is collected and reported by the U.S. Census Bureau through state-level tax revenue surveys.
Historical Context
This trend is relevant for understanding the role of alcohol-related taxes in state budgets and informing policy decisions around alcohol regulation and taxation.
Key Facts
- Pennsylvania collected $462 million in alcoholic beverages sales tax revenue in 2021.
- Alcoholic beverages sales tax accounts for approximately 2% of Pennsylvania's total state tax revenue.
- The alcoholic beverages sales tax rate in Pennsylvania is currently 6% of the purchase price.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state of Pennsylvania from the sales tax on alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer demand for alcoholic beverages and the fiscal impact of alcohol-related taxes, which is important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through state-level tax revenue surveys.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand the role of alcohol-related taxes in state budgets and inform decisions around alcohol regulation and taxation.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T10 Alcoholic Beverages Sales Tax for Pennsylvania (QTAXT10QTAXCAT3PANO), retrieved from FRED.