State Government Tax Collections, Amusements Licenses in Illinois
ILAMSLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,038.00
Year-over-Year Change
-35.31%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures state government tax collections from amusements licenses in Illinois. It provides insight into the state's recreational and entertainment activity and tax revenue.
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 Illinois metric tracks the revenue the Illinois state government collects from taxes on amusement-related licenses and permits. This data point offers a window into the economic health of Illinois' leisure and entertainment industries.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Historical Context
Policymakers and analysts use this metric to assess Illinois' fiscal conditions and the performance of entertainment-focused businesses.
Key Facts
- Illinois collects millions in tax revenue from amusement licenses annually.
- Amusement taxes contribute a small but meaningful portion of Illinois' total tax collections.
- Trends in amusement tax revenue can signal changes in the state's recreational and entertainment sectors.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the tax revenue the state government of Illinois collects from amusement-related licenses and permits.
Q: Why is this trend relevant for users or analysts?
A: This data point offers insights into the economic health and tax contributions of Illinois' leisure and entertainment industries.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Illinois' fiscal conditions and the performance of entertainment-focused businesses.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a several-month delay before the latest figures are available.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Amusements Licenses in Illinois (ILAMSLICTAX), retrieved from FRED.