State Government Tax Collections, Amusements - Selective Sales Taxes in Indiana
INAMUSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
621,032.00
Year-over-Year Change
-25.10%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures selective sales tax collections from amusement activities by the state government of Indiana. It provides insights into consumer spending on entertainment and leisure activities within 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 - Selective Sales Taxes in Indiana series tracks the revenue generated from taxes levied on the sale of amusement-related goods and services in the state. This metric is used by economists and policymakers to monitor consumer demand and the overall health of Indiana's entertainment and tourism industries.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government finance.
Historical Context
Trends in amusement tax collections can inform decisions about economic policy, taxation, and public spending in Indiana.
Key Facts
- Indiana collects a 6% sales tax on amusement activities.
- Amusement tax collections account for approximately 2% of Indiana's total state tax revenue.
- The amusement tax applies to activities like sporting events, concerts, and theme parks.
FAQs
Q: What does this economic trend measure?
A: This trend measures selective sales tax collections from amusement activities by the state government of Indiana. It provides insights into consumer spending on entertainment and leisure within the state.
Q: Why is this trend relevant for users or analysts?
A: Trends in amusement tax collections can inform decisions about economic policy, taxation, and public spending in Indiana. It is an indicator of the overall health of the state's entertainment and tourism industries.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state and local government finance.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor consumer demand and make informed decisions about taxation, public spending, and economic development initiatives related to Indiana's entertainment and tourism sectors.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so there may be delays in observing the most recent trends.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Amusements - Selective Sales Taxes in Indiana (INAMUSTAX), retrieved from FRED.