State Tax Collections: T14 Pari-Mutuels Sales Tax for South Dakota
QTAXT14QTAXCAT3SDNO • 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 South Dakota measures the sales tax revenue generated from pari-mutuel betting activities in the state. This metric is important for economists and policymakers to assess the fiscal health and revenue sources of South Dakota's state government.
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
This economic indicator tracks the sales tax collected on pari-mutuel betting, which includes revenue from activities like horse racing and other legalized gambling. It provides insight into consumer spending patterns and the broader economic conditions within South Dakota.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state tax authorities.
Historical Context
Pari-mutuel tax collections are relevant for understanding state budgets, tourism, and the regulation of the gambling industry.
Key Facts
- South Dakota has legalized pari-mutuel betting since the 1980s.
- Pari-mutuel taxes account for a small portion of South Dakota's overall state tax revenue.
- The state's pari-mutuel tax rate is 5% of gross wagering.
FAQs
Q: What does this economic trend measure?
A: This trend measures the sales tax revenue collected by the state of South Dakota on pari-mutuel betting activities, such as horse racing and other legalized gambling.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns, tourism, and the fiscal health of South Dakota's government, making it relevant for economists, policymakers, and analysts.
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 collections are used to understand state budgets, the regulation of the gambling industry, and the broader economic conditions within South Dakota.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T14 Pari-Mutuels Sales Tax for South Dakota (QTAXT14QTAXCAT3SDNO), retrieved from FRED.