State Government Tax Collections, Amusements Licenses in Massachusetts
MAAMSLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,822.00
Year-over-Year Change
3299.54%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures state government tax collections from amusements licenses in Massachusetts. It provides insight into the recreational and entertainment sector of the state's economy.
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 Massachusetts series tracks the revenue generated by the state government from taxes on amusements and entertainment activities. This metric is used by economists and policymakers to analyze trends in consumer spending and the overall health of Massachusetts' recreation industry.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of their State Government Tax Collections program.
Historical Context
This economic indicator can inform decisions around fiscal policy, budget planning, and regulatory oversight of the entertainment sector.
Key Facts
- Massachusetts collected over $30 million in amusements taxes in 2021.
- Amusements taxes account for roughly 1% of total state tax revenue in Massachusetts.
- The amusements tax rate in Massachusetts is currently set at 5%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the Massachusetts state government from amusements and entertainment-related licenses and activities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and the overall health of Massachusetts' recreation and tourism industries, which are important drivers of 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 as part of their State Government Tax Collections program.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to inform decisions around fiscal policy, budget planning, and regulatory oversight of the entertainment and recreation sectors in Massachusetts.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Amusements Licenses in Massachusetts (MAAMSLICTAX), retrieved from FRED.