State Tax Collections: T11 Amusements Sales Tax for South Carolina
QTAXT11QTAXCAT3SCNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
-30.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures the sales tax revenue from amusement activities in South Carolina. It provides insights into consumer spending and economic activity in the state's 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: T11 Amusements Sales Tax for South Carolina tracks the monthly sales tax revenue collected from amusement-related transactions in the state. This metric is used by economists and policymakers to assess consumer demand, business performance, and broader economic conditions in South Carolina's entertainment and recreational industries.
Methodology
The data is collected by the U.S. Census Bureau from state tax authorities.
Historical Context
Policymakers and analysts monitor this trend to gauge the health of South Carolina's leisure and hospitality sectors and their contribution to the state's overall economic performance.
Key Facts
- South Carolina's amusements sales tax accounts for approximately 2% of the state's total sales tax revenue.
- The amusements sales tax trend has been a reliable indicator of consumer confidence and discretionary spending in the state.
- Sales tax collections from amusements have fluctuated with changes in tourism, entertainment, and recreational activity in South Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly sales tax revenue collected from amusement-related transactions in the state of South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending and economic activity in South Carolina's entertainment and leisure sectors, which are important contributors to the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau from state tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the health of South Carolina's leisure and hospitality sectors and their contribution to the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 2-3 month lag.
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Citation
U.S. Federal Reserve, State Tax Collections: T11 Amusements Sales Tax for South Carolina (QTAXT11QTAXCAT3SCNO), retrieved from FRED.