State Tax Collections: T21 Amusements License for New Hampshire
QTAXT21QTAXCAT3NHNO • 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 New Hampshire. It is an important indicator of consumer spending on recreational activities and the overall strength of the state's tourism industry.
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 New Hampshire data series tracks the revenue generated by the state government through taxes levied on amusements licenses. This provides insight into consumer demand for entertainment and leisure activities within the state.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government tax agencies.
Historical Context
Policymakers and economic analysts use this trend to assess the health of New Hampshire's tourism sector and make informed decisions about fiscal policy and economic development initiatives.
Key Facts
- New Hampshire has no sales tax, making amusements licenses a key revenue source.
- Amusements tax collections peaked in 2019 before declining due to the COVID-19 pandemic.
- The tourism industry accounts for over $5 billion in annual economic activity in New Hampshire.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of New Hampshire on amusements licenses, which include activities like admission fees for concerts, sporting events, and other recreational activities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer spending on leisure and entertainment activities in New Hampshire, which is an important driver of the state's tourism industry and overall economic health.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state and local government tax agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the performance of New Hampshire's tourism sector and make informed decisions about fiscal policy, economic development initiatives, and infrastructure investments.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to the time required for state and local governments to compile and submit tax revenue information to the Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T21 Amusements License for New Hampshire (QTAXT21QTAXCAT3NHNO), retrieved from FRED.