State Tax Collections: T14 Pari-Mutuels Sales Tax for Idaho
QTAXT14QTAXCAT3IDNO • 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 Idaho measures the revenue generated from sales tax on pari-mutuel betting in Idaho. This trend is an important indicator of economic activity and consumer spending in the state's 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 Idaho represents the sales tax revenue collected by the state government from pari-mutuel betting, such as horse racing and other legal gambling activities. This metric helps economists and policymakers assess the size and performance of Idaho's gambling sector and its contribution to overall state tax collections.
Methodology
The data is collected by the U.S. Census Bureau through state government tax filings.
Historical Context
Pari-mutuel sales tax revenue is an important consideration for state budgeting and fiscal policy decisions.
Key Facts
- Idaho's pari-mutuel sales tax revenue was $1.2 million in 2021.
- Pari-mutuel sales tax accounts for approximately 0.2% of Idaho's total state tax collections.
- The pari-mutuel sales tax rate in Idaho is 6%.
FAQs
Q: What does this economic trend measure?
A: The State Tax Collections: T14 Pari-Mutuels Sales Tax for Idaho measures the revenue generated from the sales tax on legal gambling activities, such as horse racing, in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists and policymakers as it provides insight into the size and performance of Idaho's gambling industry and its contribution to the state's overall tax collections.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through state government tax filings.
Q: How is this trend used in economic policy?
A: Pari-mutuel sales tax revenue is an important consideration for state budgeting and fiscal policy decisions in Idaho.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 3 months.
Related Trends
Poverty Tax Exemptions for District of Columbia
PEXMDC11A647NCEN
State Tax Collections: Total Taxes for Arizona
QTAXTOTALQTAXCAT3AZNO
State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for Arizona
QTAXT19QTAXCAT3AZNO
Poverty Tax Exemptions Under Age 65 for Maine
PLT65EXMME23A647NCEN
Child Tax Exemptions for Nebraska
CHEXMNE31A647NCEN
State Tax Collections: T15 Public Utilities Sales Tax for Virginia
QTAXT15QTAXCAT3VANO
Citation
U.S. Federal Reserve, State Tax Collections: T14 Pari-Mutuels Sales Tax for Idaho (QTAXT14QTAXCAT3IDNO), retrieved from FRED.