State Tax Collections: T11 Amusements Sales Tax for Arkansas
QTAXT11QTAXCAT3ARNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.00
Year-over-Year Change
25.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures amusements sales tax collections in the state of Arkansas. It provides insights into consumer spending on entertainment and recreational 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 Tax Collections: T11 Amusements Sales Tax for Arkansas series tracks the total revenue generated from sales taxes on amusements in Arkansas. This data is used by economists and policymakers to analyze consumer demand and the fiscal health of the state's entertainment and tourism sectors.
Methodology
The data is collected by the U.S. Census Bureau through state tax revenue reports.
Historical Context
This trend is relevant for assessing the economic performance and tax base of Arkansas's leisure and hospitality industries.
Key Facts
- Arkansas has a 6.5% state sales tax rate.
- Amusements sales tax accounts for about 2% of total state tax revenue.
- Amusements sales tax collections have grown by 25% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total sales tax revenue collected by the state of Arkansas on amusements and recreational activities.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending patterns and the fiscal health of Arkansas's leisure and hospitality industries, which are important contributors to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through state tax revenue reports.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the performance of Arkansas's entertainment and tourism sectors, and to inform decisions around taxation, economic development, and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released quarterly with a 3-month lag, and may be subject to revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T11 Amusements Sales Tax for Arkansas (QTAXT11QTAXCAT3ARNO), retrieved from FRED.