State Tax Collections: T11 Amusements Sales Tax for Alaska
QTAXT11QTAXCAT3AKNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
500.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures amusements sales tax collections for the state of Alaska. It provides insights into consumer spending patterns and the health of the state's tourism and entertainment sectors.
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 Tax Collections: T11 Amusements Sales Tax for Alaska tracks monthly sales tax revenue generated from the amusements industry, including ticket sales, recreational activities, and other entertainment-related transactions. This data is used by policymakers, economists, and businesses to analyze economic activity and consumer behavior in Alaska.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Historical Context
This trend is relevant for understanding the broader economic conditions and fiscal policy in Alaska.
Key Facts
- Alaska has no state sales tax, relying more on amusements and other selective sales taxes.
- Amusements sales tax accounts for about 2% of Alaska's total state tax revenue.
- Tourism is a major industry in Alaska, making amusements sales tax an important economic indicator.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly sales tax revenue generated from the amusements industry in Alaska, including ticket sales, recreational activities, and other entertainment-related transactions.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending patterns and the health of Alaska's tourism and entertainment sectors, which are important for understanding the state's broader economic conditions and fiscal policy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this data to analyze economic activity and consumer behavior in Alaska, which can inform decisions related to taxation, tourism promotion, and other economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be some delay in reporting due to the time required for state tax authorities to compile and submit the information.
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Citation
U.S. Federal Reserve, State Tax Collections: T11 Amusements Sales Tax for Alaska (QTAXT11QTAXCAT3AKNO), retrieved from FRED.