State Tax Collections: T11 Amusements Sales Tax for Alabama
QTAXT11QTAXCAT3ALNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T11 Amusements Sales Tax for Alabama' metric tracks sales tax revenue from the amusements industry in the state of Alabama. This data provides insight into consumer spending patterns and the broader economic health of 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
This data series measures the monthly sales tax collected by the state of Alabama on amusement-related transactions, such as tickets to sporting events, concerts, and other entertainment. It serves as an important indicator of consumer confidence and discretionary spending within the state.
Methodology
The data is collected by the Alabama Department of Revenue through tax filings from businesses.
Historical Context
Policymakers and economists use this data to assess the strength of Alabama's consumer economy and make informed decisions about fiscal policy.
Key Facts
- Alabama's amusements sales tax generated over $50 million in revenue in 2021.
- The amusements tax accounts for approximately 5% of Alabama's total sales tax collections.
- Tax revenues from the amusements industry have fluctuated significantly during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This data series measures the monthly sales tax revenue collected by the state of Alabama on amusement-related transactions, such as tickets to sporting events, concerts, and other entertainment.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer spending patterns and the broader economic health of Alabama, making it a valuable indicator for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by the Alabama Department of Revenue through tax filings from businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the strength of Alabama's consumer economy and make informed decisions about fiscal policy.
Q: Are there update delays or limitations?
A: The data is published monthly, but may be subject to revisions and can be impacted by seasonal and economic factors.
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Citation
U.S. Federal Reserve, State Tax Collections: T11 Amusements Sales Tax for Alabama (QTAXT11QTAXCAT3ALNO), retrieved from FRED.