State Tax Collections: T11 Amusements Sales Tax for Rhode Island
QTAXT11QTAXCAT3RINO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures the sales tax revenue collected by the state of Rhode Island on amusement-related transactions. It provides insight into consumer spending patterns and the health of the state's entertainment and tourism 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 Rhode Island metric tracks the total sales tax revenue generated from the taxation of amusement-related activities and purchases within the state. This data point is used by policymakers and analysts to monitor economic conditions and consumer behavior.
Methodology
The data is collected directly from Rhode Island's state tax revenue reporting.
Historical Context
Amusements sales tax revenue is a key indicator for state governments and businesses focused on tourism, hospitality, and leisure industries.
Key Facts
- Rhode Island's amusements sales tax revenue totaled $12.4 million in 2021.
- The amusements sales tax accounts for approximately 2% of Rhode Island's total sales tax collections.
- Amusements sales tax revenue in Rhode Island has grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the sales tax revenue collected by the state of Rhode Island on amusement-related transactions, including tickets, admissions, and other purchases in the entertainment and recreation sectors.
Q: Why is this trend relevant for users or analysts?
A: Amusements sales tax revenue is an important indicator of consumer spending patterns and the health of Rhode Island's tourism and leisure industries, which are crucial components of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected directly from Rhode Island's state tax revenue reporting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor economic conditions, consumer behavior, and the performance of Rhode Island's entertainment and tourism sectors, which inform policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: The amusements sales tax data is typically published on a quarterly basis by the U.S. Federal Reserve, with a lag of several months from the end of the reporting period.
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Citation
U.S. Federal Reserve, State Tax Collections: T11 Amusements Sales Tax for Rhode Island (QTAXT11QTAXCAT3RINO), retrieved from FRED.