State Tax Collections: T20 Alcoholic Beverages License for District of Columbia
QTAXT20QTAXCAT3DCNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
100.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures the total state tax collections from alcoholic beverages licenses in the District of Columbia. It provides insight into the revenue generated from regulating the alcohol industry within the district.
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: T20 Alcoholic Beverages License for District of Columbia data series tracks the quarterly tax revenue received by the District of Columbia government from issuing licenses to businesses that sell alcoholic beverages. This metric is used by policymakers and economists to analyze the economic impact of alcohol sales and regulation within the district.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government revenue.
Historical Context
This trend is relevant for understanding the fiscal health and regulatory environment of the alcohol industry in the District of Columbia.
Key Facts
- The District of Columbia collected over $18 million in alcoholic beverages license taxes in 2021.
- Alcoholic beverages license taxes account for approximately 1% of the district's total tax revenue.
- The alcoholic beverages license tax rate in D.C. is 6% of gross sales.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total state tax collections from alcoholic beverages licenses in the District of Columbia. It provides insight into the revenue generated from regulating the alcohol industry within the district.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the fiscal health and regulatory environment of the alcohol industry in the District of Columbia. It is used by policymakers and economists to analyze the economic impact of alcohol sales and regulation within the district.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state and local government revenue.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to analyze the fiscal impact of the alcohol industry and inform decisions around taxation and regulation of alcoholic beverages in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a 1-3 month delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, State Tax Collections: T20 Alcoholic Beverages License for District of Columbia (QTAXT20QTAXCAT3DCNO), retrieved from FRED.