State Tax Collections: T11 Amusements Sales Tax for Texas
QTAXT11QTAXCAT3TXNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
16.67%
Date Range
1/1/1994 - 1/1/2025
Summary
This series tracks the state tax collections on amusements sales in Texas. It provides insight into the leisure and entertainment spending in the state, which is an important economic indicator.
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 Texas measures the revenue the state of Texas collects from the sales tax on amusement-related goods and services. This data point is used by economists and policymakers to analyze broader consumer spending trends and the health of the state's leisure and hospitality industries.
Methodology
The data is collected directly from the Texas Comptroller of Public Accounts.
Historical Context
This metric helps inform fiscal and monetary policy decisions at the state level.
Key Facts
- Texas has no state personal income tax.
- Amusements sales tax accounts for ~2% of total Texas state tax collections.
- Texas is the second-largest state economy in the U.S.
FAQs
Q: What does this economic trend measure?
A: This series tracks the tax revenue the state of Texas collects from the sales tax on amusement-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer spending patterns in the leisure and entertainment industries, which is an important economic indicator.
Q: How is this data collected or calculated?
A: The data is collected directly from the Texas Comptroller of Public Accounts.
Q: How is this trend used in economic policy?
A: This metric helps inform fiscal and monetary policy decisions at the state level in Texas.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 2-3 months.
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Citation
U.S. Federal Reserve, State Tax Collections: T11 Amusements Sales Tax for Texas (QTAXT11QTAXCAT3TXNO), retrieved from FRED.