State Government Tax Collections, Amusements - Selective Sales Taxes in South Dakota
SDAMUSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,731.00
Year-over-Year Change
38.38%
Date Range
1/1/1951 - 1/1/2024
Summary
This trend measures the total selective sales tax collections on amusements by the South Dakota state government. It provides insight into consumer demand and state tax revenues.
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 Government Tax Collections, Amusements - Selective Sales Taxes in South Dakota trend represents the monthly state-level collections of selective sales taxes on amusement activities. This metric is used by economists and policymakers to analyze consumer spending patterns and state fiscal conditions.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government finances.
Historical Context
Amusement sales tax collections are an important indicator of consumer discretionary spending and a key revenue source for state budgets.
Key Facts
- South Dakota has no general sales tax, relying more heavily on selective sales taxes.
- Amusement taxes account for around 3% of total state tax collections in South Dakota.
- Tax collections on amusement activities tend to be volatile, reflecting changes in consumer discretionary spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total selective sales tax collections on amusements by the South Dakota state government.
Q: Why is this trend relevant for users or analysts?
A: Amusement sales tax collections provide insight into consumer demand and discretionary spending, as well as an important revenue source for state budgets.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state government finances.
Q: How is this trend used in economic policy?
A: Amusement tax collections are used by economists and policymakers to analyze consumer spending patterns and state fiscal conditions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of Census Bureau state finance surveys.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Amusements - Selective Sales Taxes in South Dakota (SDAMUSTAX), retrieved from FRED.