State Government Tax Collections, Amusements Licenses in Iowa
IAAMSLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,553.00
Year-over-Year Change
6.83%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures state government tax collections from amusements licenses in Iowa. It provides insights into the recreational and entertainment activities in the state, which can inform economic and policy decisions.
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 Iowa metric tracks the tax revenue generated from licenses and fees associated with amusement-related activities, such as admission tickets, gambling, and recreational services. This data is useful for understanding consumer spending patterns and the overall health of Iowa's entertainment and leisure industry.
Methodology
The data is collected by the U.S. Census Bureau through its annual Survey of State Government Tax Collections.
Historical Context
Policymakers and economists use this metric to gauge the economic performance and tax base of Iowa's amusement and entertainment sectors.
Key Facts
- Iowa's amusements licenses tax collections totaled $32.9 million in 2021.
- This metric has declined by 14% since 2019 due to the COVID-19 pandemic.
- Amusements licenses account for roughly 1.5% of Iowa's total state tax revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state government of Iowa from amusements licenses, which include fees and taxes associated with recreational and entertainment activities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and tax base of Iowa's amusement and leisure industry, which is an important component of the state's economy. It can inform policymakers and economists about consumer spending patterns and the overall health of this sector.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through its annual Survey of State Government Tax Collections.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the tax revenue and economic impact of Iowa's amusement and entertainment sectors, which can inform policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published annually, so there may be a delay of up to a year before the most recent figures are available. Additionally, the metric may not capture all amusements-related economic activity, as it only reflects state-level tax collections.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Amusements Licenses in Iowa (IAAMSLICTAX), retrieved from FRED.