State Government Tax Collections, Amusements - Selective Sales Taxes in Arkansas
ARAMUSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102,519.00
Year-over-Year Change
270.91%
Date Range
1/1/1951 - 1/1/2024
Summary
This trend measures selective sales tax collections on amusements by state governments in Arkansas. It provides insight into consumer spending on recreational activities and can inform policymakers on revenue generation and tax policy.
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, Amusements - Selective Sales Taxes in Arkansas metric tracks the total revenue collected by the Arkansas state government from selective sales taxes on amusement-related goods and services. This data point is useful for analyzing consumer behavior and state fiscal policy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax revenue sources.
Historical Context
This trend is relevant for policymakers, economists, and market analysts seeking to understand Arkansas's tax base and consumer demand patterns.
Key Facts
- Arkansas levies a 6% selective sales tax on amusement-related goods and services.
- Amusement tax collections account for around 2% of total state tax revenue in Arkansas.
- Amusement tax revenue has grown steadily in Arkansas over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue collected by the Arkansas state government from selective sales taxes on amusement-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer spending patterns on recreational activities in Arkansas and can inform state policymakers on revenue generation and tax policy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax revenue sources.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers, economists, and market analysts seeking to understand Arkansas's tax base and consumer demand patterns.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, and may be subject to revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Amusements - Selective Sales Taxes in Arkansas (ARAMUSTAX), retrieved from FRED.