State Government Tax Collections, Alcoholic Beverages Licenses in Rhode Island
RIALCLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,332.00
Year-over-Year Change
2014.29%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections from alcoholic beverages licenses in Rhode Island. It provides insight into the regulatory and fiscal landscape of the state's alcohol 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 State Government Tax Collections, Alcoholic Beverages Licenses in Rhode Island metric tracks the revenue generated by the state government from issuing licenses to sell alcoholic beverages. This data point is used by economists and policymakers to analyze the size and trends of Rhode Island's alcohol market and the state's approach to regulating and taxing it.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This metric is relevant for understanding the fiscal and regulatory policies surrounding Rhode Island's alcohol industry.
Key Facts
- Rhode Island collected $3.7 million in alcoholic beverages license taxes in 2020.
- Alcoholic beverages license taxes made up 0.3% of Rhode Island's total state tax revenue in 2020.
- The alcoholic beverages license tax rate in Rhode Island is 6% of the license fee.
FAQs
Q: What does this economic trend measure?
A: This metric measures the revenue collected by the Rhode Island state government from issuing licenses to sell alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the size and regulation of Rhode Island's alcohol industry, which is relevant for understanding the state's fiscal and regulatory policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government finance.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to analyze the fiscal and regulatory environment of Rhode Island's alcohol industry.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of several months, so it may not reflect the most recent changes in the market.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Alcoholic Beverages Licenses in Rhode Island (RIALCLICTAX), retrieved from FRED.