State Tax Collections: T21 Amusements License for Florida
QTAXT21QTAXCAT3FLNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-50.00%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T21 Amusements License for Florida' trend measures the revenue collected by the state of Florida from taxes on amusement-related licenses and activities.
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
This economic indicator provides insight into Florida's tax base and the overall health of its entertainment and leisure sectors. It is used by economists and policymakers to analyze state fiscal conditions and inform tax policy decisions.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of their Quarterly Tax Survey.
Historical Context
Trends in amusement tax collections can signal changes in consumer spending and business activity, which are relevant for both economic and budgetary projections.
Key Facts
- Florida's amusement tax collections generate over $100 million annually.
- Amusement taxes account for about 2% of Florida's total state tax revenue.
- Collections declined sharply during the COVID-19 pandemic but have since rebounded.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of Florida on licenses and activities related to the amusement and entertainment industry.
Q: Why is this trend relevant for users or analysts?
A: Trends in amusement tax collections provide insight into the overall health of Florida's leisure and tourism sectors, which are important drivers of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau as part of their Quarterly Tax Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze state fiscal conditions and inform decisions around tax policy, budgeting, and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Tax Collections: T21 Amusements License for Florida (QTAXT21QTAXCAT3FLNO), retrieved from FRED.