State Tax Collections: T20 Alcoholic Beverages License for North Carolina
QTAXT20QTAXCAT3NCNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures quarterly state tax collections from alcoholic beverages licenses in North Carolina. It provides insight into alcohol-related commercial activity and revenue for state policymakers.
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 North Carolina tracks quarterly tax receipts from licensing fees and taxes on the sale of alcoholic beverages within the state. This data offers economists and analysts a view into alcohol-related commerce and consumption patterns.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Historical Context
This trend is used by policymakers to monitor alcohol-related economic activity and its impact on state budgets.
Key Facts
- North Carolina has a 3% excise tax on retail sales of liquor.
- Alcoholic beverage licenses generated $29.2 million in state tax revenue in Q3 2022.
- Alcohol tax collections have grown 5.8% annually on average over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures quarterly state tax collections from alcoholic beverages licenses in North Carolina. It provides insight into alcohol-related commercial activity and revenue for the state.
Q: Why is this trend relevant for users or analysts?
A: This data offers economists and policymakers a view into alcohol-related commerce and consumption patterns, which can inform policy decisions around taxation, regulation, and budgeting.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to monitor alcohol-related economic activity and its impact on state budgets, which can inform decisions around taxation, regulation, and revenue projections.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so it may not reflect the most current economic conditions.
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Citation
U.S. Federal Reserve, State Tax Collections: T20 Alcoholic Beverages License for North Carolina (QTAXT20QTAXCAT3NCNO), retrieved from FRED.