State Tax Collections: T20 Alcoholic Beverages License for Kentucky
QTAXT20QTAXCAT3KYNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
50.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from alcoholic beverages licenses in Kentucky. It provides insight into a key revenue source for state governments.
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 Kentucky data series tracks the quarterly tax revenue generated by the state of Kentucky from licenses and permits related to the sale and distribution of alcoholic beverages. This metric is an important indicator of economic activity and consumer demand in the alcohol industry.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government revenue.
Historical Context
Policymakers and analysts use this trend to monitor the fiscal health and revenue sources of state governments.
Key Facts
- Kentucky collected $13.2 million in alcoholic beverages license taxes in Q4 2022.
- Alcoholic beverages license taxes account for 2.1% of Kentucky's total state tax revenue.
- Quarterly alcoholic beverages license tax collections in Kentucky have grown by 8.2% over the past year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly tax revenue collected by the state of Kentucky from licenses and permits related to the sale and distribution of alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the fiscal health and revenue sources of state governments, as well as the economic activity and consumer demand in the alcohol 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 government revenue.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the fiscal health and revenue sources of state governments, which can inform decisions about taxation, spending, and economic development policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, State Tax Collections: T20 Alcoholic Beverages License for Kentucky (QTAXT20QTAXCAT3KYNO), retrieved from FRED.