State Tax Collections: T21 Amusements License for South Dakota
QTAXT21QTAXCAT3SDNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 4/1/2025
Summary
This economic trend measures amusement-related tax collections in the state of South Dakota. It provides insight into recreational and entertainment spending in the state.
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 South Dakota trend tracks tax revenue generated from licenses and fees associated with amusement activities, such as movie theaters, arcades, and other recreational services. This data offers economists and policymakers a window into consumer demand for entertainment in the state.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
This trend is used to monitor consumer spending patterns and evaluate the fiscal health of South Dakota's entertainment sector.
Key Facts
- South Dakota has no statewide sales tax.
- Amusement-related taxes account for over 5% of South Dakota's total tax revenue.
- Tax collections in this category have grown by 8% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures tax revenue collected by the state of South Dakota on licenses and fees related to amusement activities, such as movie theaters, arcades, and other recreational services.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer demand and spending patterns for entertainment and recreation in South Dakota, which is useful for economists, policymakers, and businesses operating in the state's leisure industry.
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 its State Tax Collections program.
Q: How is this trend used in economic policy?
A: This trend is used by state officials and economists to monitor the fiscal health of South Dakota's entertainment and recreation sectors, and to inform policy decisions related to taxation, economic development, and consumer protection.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a lag of approximately 3 months, so there may be a delay in observing the most recent trends. Additionally, the data only covers amusement-related tax collections at the state level, and does not include local or federal taxes.
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Citation
U.S. Federal Reserve, State Tax Collections: T21 Amusements License for South Dakota (QTAXT21QTAXCAT3SDNO), retrieved from FRED.