State Tax Collections: T11 Amusements Sales Tax for New Jersey
QTAXT11QTAXCAT3NJNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.00
Year-over-Year Change
24.32%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures New Jersey's amusements sales tax collections, which provide insights into consumer spending and economic activity in the entertainment and leisure 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 for amusements sales in New Jersey represent revenues generated from taxes levied on the sale of admission tickets, fees, and other charges related to recreational activities and entertainment. This data series is used by economists and policymakers to analyze consumer trends and the broader economic climate.
Methodology
The data is collected and published by the U.S. Census Bureau through quarterly state government tax revenue surveys.
Historical Context
This economic indicator is relevant for understanding consumer demand, business performance, and the overall fiscal health of New Jersey's state government.
Key Facts
- New Jersey's amusements sales tax collections totaled $110 million in 2021.
- The amusements sales tax accounts for approximately 2% of New Jersey's total state tax revenue.
- Amusements sales tax collections experienced a 25% decline in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly tax collections from the amusements sales tax in the state of New Jersey, which is levied on the sale of admission tickets, fees, and other charges related to recreational activities and entertainment.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending and economic activity in the leisure and entertainment sectors within New Jersey, which is important for understanding the state's overall economic performance and fiscal health.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau through quarterly state government tax revenue surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze consumer demand, business performance, and the overall fiscal condition of New Jersey's state government, which can inform policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, so there may be a several-month delay between the end of the reporting period and the availability of the latest figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T11 Amusements Sales Tax for New Jersey (QTAXT11QTAXCAT3NJNO), retrieved from FRED.