State Tax Collections: T14 Pari-Mutuels Sales Tax for Oregon
QTAXT14QTAXCAT3ORNO • 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 Oregon measures the revenue generated from sales tax on pari-mutuel betting activities in the state. This metric is important for understanding state fiscal policy and the economic impact of 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 Pari-Mutuels Sales Tax for Oregon is a component of the state's overall tax collections. It tracks the revenue received from the sales tax levied on pari-mutuel betting, which includes activities like horse racing and jai alai. This data provides insight into the fiscal health and policy priorities of the state government.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state tax authorities.
Historical Context
Pari-mutuel tax revenue is a key consideration for state legislators and regulators in managing budgets and policies related to the gambling industry.
Key Facts
- Oregon collected $4.2 million in pari-mutuel sales tax revenue in 2021.
- Pari-mutuel tax revenue accounts for less than 1% of Oregon's total state tax collections.
- Oregon's pari-mutuel tax rate is set at 2% of gross betting handle.
FAQs
Q: What does this economic trend measure?
A: The State Tax Collections: T14 Pari-Mutuels Sales Tax for Oregon measures the revenue generated from the sales tax levied on pari-mutuel betting activities in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the fiscal health and policy priorities of the Oregon state government, particularly related to the regulation and taxation of the gambling industry.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state tax authorities.
Q: How is this trend used in economic policy?
A: Pari-mutuel tax revenue is a key consideration for state legislators and regulators in managing budgets and policies related to the gambling industry.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the U.S. Census Bureau, which may result in periodic update delays or revisions.
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Citation
U.S. Federal Reserve, State Tax Collections: T14 Pari-Mutuels Sales Tax for Oregon (QTAXT14QTAXCAT3ORNO), retrieved from FRED.