State Tax Collections: T11 Amusements Sales Tax for North Carolina
QTAXT11QTAXCAT3NCNO • 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
This economic trend measures amusements sales tax collections in North Carolina, providing insight into consumer spending on recreational activities in 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 North Carolina series tracks the monthly sales tax revenue generated from amusement-related purchases and activities in the state. This data is used by economists and policymakers to analyze consumer confidence and discretionary spending trends.
Methodology
The data is collected and reported by the North Carolina Department of Revenue.
Historical Context
This metric is relevant for understanding the health of North Carolina's leisure and hospitality sectors and can inform economic policy decisions.
Key Facts
- North Carolina's amusements sales tax generated over $100 million in revenue in 2021.
- Amusements sales tax accounts for approximately 2% of North Carolina's total sales tax collections.
- The COVID-19 pandemic significantly impacted amusements sales tax revenue in North Carolina in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly sales tax revenue generated from amusement-related purchases and activities in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending on recreational activities in North Carolina, which is an important indicator of economic health and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected and reported by the North Carolina Department of Revenue.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the performance of North Carolina's leisure and hospitality sectors, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is reported monthly, but there may be a 1-2 month delay in availability.
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Citation
U.S. Federal Reserve, State Tax Collections: T11 Amusements Sales Tax for North Carolina (QTAXT11QTAXCAT3NCNO), retrieved from FRED.