State Government Tax Collections, Amusements Licenses in Connecticut
CTAMSLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
173.00
Year-over-Year Change
-18.40%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures state government tax collections from amusements licenses in Connecticut. It provides insight into recreational and entertainment industry activity in the state.
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 Licenses in Connecticut data series tracks tax revenue generated from licenses and fees related to amusement activities, such as movie theaters, concerts, and other entertainment events. This metric offers a window into the strength of Connecticut's recreational and tourism sectors.
Methodology
The data is collected and published by the U.S. Census Bureau as part of their quarterly State Government Tax Collections reports.
Historical Context
Policymakers and economic analysts use this trend to assess the health of Connecticut's entertainment and hospitality industries.
Key Facts
- Connecticut levies taxes on amusements licenses.
- Amusements tax revenue reflects recreational spending.
- This data is released quarterly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures state government tax collections from amusements licenses in Connecticut, providing insight into recreational and entertainment industry activity in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric offers a window into the strength of Connecticut's entertainment and hospitality sectors, making it relevant for policymakers and economic analysts assessing the health of these industries.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau as part of their quarterly State Government Tax Collections reports.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts use this trend to assess the health of Connecticut's recreation and tourism industries, which can inform economic development strategies and fiscal policies.
Q: Are there update delays or limitations?
A: This data is released quarterly by the U.S. Census Bureau, so there may be a delay between the reporting period and the public release of the information.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Amusements Licenses in Connecticut (CTAMSLICTAX), retrieved from FRED.