State Government Tax Collections, Amusements - Selective Sales Taxes in Iowa
IAAMUSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
344,544.00
Year-over-Year Change
16.84%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures selective sales tax collections on amusements by the state government of Iowa. It provides important insights into consumer spending patterns and the state's 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 Iowa metric tracks revenue generated from sales taxes levied on amusement activities in the state. It is a key indicator of consumer demand and economic activity within Iowa's entertainment and leisure sectors.
Methodology
The data is collected and reported by the U.S. Census Bureau through quarterly surveys of state and local government finances.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the overall health of Iowa's economy and tax revenue base.
Key Facts
- Iowa levies a 6% sales tax on amusement activities.
- Amusement taxes account for about 2% of Iowa's total state tax revenue.
- Tax collections in this category tend to be cyclical, reflecting changes in consumer discretionary spending.
FAQs
Q: What does this economic trend measure?
A: This metric tracks selective sales tax revenue collected by the state government of Iowa on amusement and entertainment activities.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into consumer spending patterns and the overall health of Iowa's leisure and hospitality industries, which are key contributors to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through quarterly surveys of state and local government finances.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this metric to assess the state's fiscal conditions and make informed decisions about economic and tax policies.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Amusements - Selective Sales Taxes in Iowa (IAAMUSTAX), retrieved from FRED.