State Government Tax Collections, Amusements - Selective Sales Taxes in Louisiana
LAAMUSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
808,867.00
Year-over-Year Change
20.53%
Date Range
1/1/1951 - 1/1/2024
Summary
The 'State Government Tax Collections, Amusements - Selective Sales Taxes in Louisiana' series measures the revenue collected by the Louisiana state government from taxes on amusement-related sales. This data is of interest to economists and policymakers as it provides insight into consumer spending patterns and state 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
This series tracks the total amount of tax revenue generated from amusement-related selective sales taxes levied by the Louisiana state government. It is an important indicator of economic activity and consumer behavior in the entertainment and leisure sectors within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government finances.
Historical Context
Economists and policymakers use this data to assess the health of Louisiana's entertainment industry and the broader state economy.
Key Facts
- Louisiana collects selective sales taxes on amusement-related transactions.
- Amusement taxes account for a portion of the state's overall tax revenue.
- The data is published quarterly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This series measures the amount of tax revenue collected by the Louisiana state government from selective sales taxes on amusement-related transactions.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer spending patterns and the overall health of Louisiana's entertainment and leisure sectors, which is valuable for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state government finances.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to assess the strength of Louisiana's state economy and make informed decisions about fiscal and economic policies.
Q: Are there update delays or limitations?
A: The data is published quarterly, so there may be a delay of several months between the end of a reporting period and the availability of the latest figures.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Amusements - Selective Sales Taxes in Louisiana (LAAMUSTAX), retrieved from FRED.