State Tax Collections: T14 Pari-Mutuels Sales Tax for Arizona
QTAXT14QTAXCAT3AZNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 4/1/2021
Summary
The 'State Tax Collections: T14 Pari-Mutuels Sales Tax for Arizona' trend measures the sales tax revenue collected from pari-mutuel betting activities in the state of Arizona. This metric is important for economists and policymakers to assess the state's tax base and revenue from the gambling industry.
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: T14 Pari-Mutuels Sales Tax for Arizona' trend tracks the sales tax revenue generated from pari-mutuel betting activities, such as horse and dog racing, in the state of Arizona. This data point is used by analysts to understand the economic contribution of the gambling industry and monitor changes in consumer behavior and state tax policy.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of their Quarterly State and Local Government Tax Revenue survey.
Historical Context
Pari-mutuel tax collections are relevant for state-level economic and fiscal policy decision-making.
Key Facts
- Arizona's pari-mutuel sales tax collections peaked in 2007 at $16.4 million.
- Pari-mutuel betting activities account for less than 1% of Arizona's total state tax revenue.
- The pari-mutuel sales tax rate in Arizona is currently set at 5.5%.
FAQs
Q: What does this economic trend measure?
A: The 'State Tax Collections: T14 Pari-Mutuels Sales Tax for Arizona' trend measures the sales tax revenue collected by the state of Arizona from pari-mutuel betting activities, such as horse and dog racing.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists and policymakers to assess the economic contribution of the gambling industry in Arizona and monitor changes in consumer behavior and state tax policy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of their Quarterly State and Local Government Tax Revenue survey.
Q: How is this trend used in economic policy?
A: Pari-mutuel tax collections are relevant for state-level economic and fiscal policy decision-making, as they provide insights into the tax base and revenue generated from the gambling industry.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and potential revisions of the U.S. Census Bureau's Quarterly State and Local Government Tax Revenue survey.
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Citation
U.S. Federal Reserve, State Tax Collections: T14 Pari-Mutuels Sales Tax for Arizona (QTAXT14QTAXCAT3AZNO), retrieved from FRED.