State Tax Collections: T14 Pari-Mutuels Sales Tax for Missouri
QTAXT14QTAXCAT3MONO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 10/1/2010
Summary
This trend measures the state tax collections from pari-mutuel (e.g., horse racing) sales in Missouri. It is an important indicator of economic activity and consumer spending in the state's entertainment and leisure sectors.
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 Missouri tracks the total tax revenue generated from pari-mutuel sales transactions in the state. This data is used by policymakers and economists to analyze trends in consumer behavior, tourism, and the broader leisure industry.
Methodology
The data is collected by the Missouri Department of Revenue based on required tax filings from pari-mutuel operators.
Historical Context
This trend provides insight into discretionary consumer spending and the health of Missouri's entertainment and tourism sectors.
Key Facts
- Missouri's pari-mutuel sales tax collections peaked at $23.4 million in 2007.
- Tax revenues from pari-mutuel sales declined by over 50% between 2007 and 2020.
- The pari-mutuel sales tax accounts for less than 1% of Missouri's total state tax collections.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total state tax revenue generated from pari-mutuel (e.g., horse racing) sales transactions in Missouri.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into discretionary consumer spending patterns and the health of Missouri's entertainment and tourism sectors.
Q: How is this data collected or calculated?
A: The data is collected by the Missouri Department of Revenue based on required tax filings from pari-mutuel operators in the state.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze trends in consumer behavior, tourism, and the broader leisure industry in Missouri.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, so it may not reflect the most up-to-date economic conditions.
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Citation
U.S. Federal Reserve, State Tax Collections: T14 Pari-Mutuels Sales Tax for Missouri (QTAXT14QTAXCAT3MONO), retrieved from FRED.