State Tax Collections: T10 Alcoholic Beverages Sales Tax for South Dakota
QTAXT10QTAXCAT3SDNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend tracks state tax collections on alcoholic beverage sales in South Dakota. It provides insights into consumer spending patterns 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 South Dakota series measures the quarterly tax revenue collected by the state government from the sale of alcoholic beverages. This data point is a key indicator of consumer demand and spending in the alcohol market.
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 used by policymakers, economists, and industry analysts to monitor economic activity and fiscal conditions in South Dakota.
Key Facts
- South Dakota has a 4% sales tax on alcoholic beverages.
- Tax revenue from alcohol sales accounts for around 2% of the state's total tax collections.
- Quarterly alcoholic beverage tax revenue in South Dakota averaged $10.8 million from 2015-2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly tax revenue collected by the state of South Dakota on the sale of alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending and demand patterns in South Dakota's alcohol market, which is useful for policymakers, economists, and industry stakeholders.
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: This trend is used by policymakers and analysts to monitor economic conditions and fiscal revenue in South Dakota.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Census Bureau with a typical 3-month lag.
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Citation
U.S. Federal Reserve, State Tax Collections: T10 Alcoholic Beverages Sales Tax for South Dakota (QTAXT10QTAXCAT3SDNO), retrieved from FRED.