State Tax Collections: T10 Alcoholic Beverages Sales Tax for Tennessee
QTAXT10QTAXCAT3TNNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.00
Year-over-Year Change
21.31%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures state tax collections from alcoholic beverage sales in Tennessee. It provides insight into consumer demand and state fiscal health.
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 Tennessee series tracks quarterly tax revenue generated from the sale of alcoholic beverages in the state. This metric is used by economists and policymakers to assess consumer behavior and state budgetary conditions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government tax authorities.
Historical Context
Alcoholic beverage tax collections are a key indicator of economic activity and consumer confidence in Tennessee.
Key Facts
- Tennessee levies a 15% sales tax on alcoholic beverages.
- Alcoholic beverage sales account for over $300 million in annual state tax revenue.
- Tax collections grew by 7.2% in 2021 as pandemic restrictions eased.
FAQs
Q: What does this economic trend measure?
A: This trend measures quarterly tax revenue collected by the state of Tennessee from the sale of alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: Alcoholic beverage tax collections provide insight into consumer demand and spending patterns, which are important indicators of broader economic conditions in Tennessee.
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: Economists and policymakers use this data to assess the fiscal health of the state and inform budgetary and regulatory decisions related to the alcoholic beverage industry.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Tax Collections: T10 Alcoholic Beverages Sales Tax for Tennessee (QTAXT10QTAXCAT3TNNO), retrieved from FRED.