State Tax Collections: T21 Amusements License for Rhode Island
QTAXT21QTAXCAT3RINO • 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 tracks state tax collections on amusements licenses in Rhode Island. It provides insights into consumer spending patterns and the fiscal health of the state's entertainment 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 Rhode Island series measures the quarterly tax revenue generated from licenses and fees related to amusements, entertainment, and recreation activities within the state. This metric is used by economists and policymakers to gauge consumer demand and discretionary spending trends.
Methodology
The data is collected by the U.S. Census Bureau through state government tax revenue reports.
Historical Context
This trend is relevant for analyzing the broader economic conditions and fiscal policy within Rhode Island.
Key Facts
- Rhode Island collected $2.4 million in amusements taxes in Q3 2022.
- Amusements taxes account for 3.1% of Rhode Island's total state tax revenue.
- Amusements tax collections have grown by 8.2% over the past year in Rhode Island.
FAQs
Q: What does this economic trend measure?
A: The State Tax Collections: T21 Amusements License for Rhode Island series tracks the quarterly tax revenue generated from licenses and fees related to amusements, entertainment, and recreation activities within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and the fiscal health of Rhode Island's entertainment industry, which is useful for economists and policymakers analyzing broader economic conditions within the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through state government tax revenue reports.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing the broader economic conditions and fiscal policy within Rhode Island, as amusements tax collections can reflect changes in consumer demand and discretionary spending.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis with a slight delay, so there may be a lag between the current economic conditions and the most recent data available.
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Citation
U.S. Federal Reserve, State Tax Collections: T21 Amusements License for Rhode Island (QTAXT21QTAXCAT3RINO), retrieved from FRED.