State Government Tax Collections, Amusements - Selective Sales Taxes in Colorado
COAMUSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
175,745.00
Year-over-Year Change
88.52%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures selective sales tax collections on amusements by the Colorado state government. It provides insights into consumer spending patterns and state fiscal conditions.
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 Colorado series tracks revenue generated by the state's selective sales tax on amusement-related goods and services. This metric is used by economists and policymakers to assess consumer behavior and the fiscal health of the state government.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state and local government tax agencies.
Historical Context
This trend is relevant for understanding Colorado's tax revenue streams and the economic conditions affecting the state's entertainment and recreation sectors.
Key Facts
- Colorado's amusement tax collections totaled $92.4 million in 2021.
- Amusement taxes account for around 1.5% of Colorado's total state tax revenue.
- The amusement tax rate in Colorado is currently 2.9%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the selective sales tax revenue collected by the Colorado state government on amusement-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and the fiscal health of the Colorado state government.
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 and local government tax agencies.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the performance of Colorado's entertainment and recreation sectors, as well as the state's overall fiscal conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Amusements - Selective Sales Taxes in Colorado (COAMUSTAX), retrieved from FRED.