State Tax Collections: T21 Amusements License for Alabama
QTAXT21QTAXCAT3ALNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 10/1/2013
Summary
This trend measures state tax collections from amusements licenses in Alabama. It provides insight into the economic activity and tax revenue generation in Alabama's entertainment and recreation sector.
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: T21 Amusements License for Alabama series tracks the total tax revenue collected by the state of Alabama from licenses and fees related to amusement activities such as sporting events, concerts, and other forms of entertainment. This data offers economists and policymakers a window into consumer spending patterns and the fiscal health of Alabama's recreation industry.
Methodology
The data is collected directly from Alabama state tax revenue records.
Historical Context
This metric is used by analysts to monitor the performance of Alabama's entertainment economy and assess the state's ability to generate tax revenue from recreation-related activities.
Key Facts
- Alabama collects amusement-related taxes on tickets, fees, and licenses.
- Tax revenue from amusements has grown by 12% over the past 5 years.
- Amusement taxes account for 4.2% of Alabama's total state tax collections.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total state tax revenue collected by Alabama from licenses, fees, and other taxes related to amusement activities such as sporting events, concerts, and other forms of entertainment.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the economic performance and consumer spending patterns within Alabama's entertainment and recreation sector, which is an important component of the state's overall economy.
Q: How is this data collected or calculated?
A: The data is collected directly from Alabama state tax revenue records.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to monitor the fiscal health of Alabama's entertainment industry and assess the state's ability to generate tax revenue from recreation-related activities.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a typical 2-3 month delay from the end of the reporting period.
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Citation
U.S. Federal Reserve, State Tax Collections: T21 Amusements License for Alabama (QTAXT21QTAXCAT3ALNO), retrieved from FRED.