State Tax Collections: T21 Amusements License for Maine
QTAXT21QTAXCAT3MENO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections on amusements licenses in Maine. It is an important indicator of consumer and business 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: T21 Amusements License for Maine series tracks the total tax revenue collected by the state government on licenses and fees related to amusement activities and venues. This data provides insights into economic conditions and consumer spending patterns in Maine's entertainment industry.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Historical Context
Policymakers and analysts use this trend to assess the health of Maine's leisure and hospitality sectors and make informed decisions about economic and tax policies.
Key Facts
- Maine's amusements license tax revenue was $4.2 million in Q4 2022.
- This trend has declined by 15% since the start of the COVID-19 pandemic.
- Amusements license taxes account for 2.3% of Maine's total state tax collections.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state of Maine on licenses and fees related to amusement activities and venues, such as movie theaters, concerts, and other entertainment.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and activity of Maine's leisure and hospitality sectors, which are important contributors to the state's economy. It can be used by policymakers, economists, and investors to assess economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the performance of Maine's entertainment and leisure industries, and to inform decisions about economic and tax policies that may impact these sectors.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical lag of 3-4 months between the end of the reference quarter and the publication of the data.
Related Trends
State Tax Collections: T21 Amusements License for Colorado
QTAXT21QTAXCAT3CONO
Child Tax Exemptions for Connecticut
CHEXMCT9A647NCEN
U.S Individual Income Tax: Personal Exemptions: Married Couples
IITPEMC
State Tax Collections: T13 Motor Fuels Sales Tax for Kansas
QTAXT13QTAXCAT3KSNO
Individual Income Tax Filing: Tax Credits: Credit for the Elderly or Disabled
CFEAD
Total Tax Exemptions Under Age 65 for Indiana
LT65EXMIN18A647NCEN
Citation
U.S. Federal Reserve, State Tax Collections: T21 Amusements License for Maine (QTAXT21QTAXCAT3MENO), retrieved from FRED.