State Government Tax Collections, Amusements - Selective Sales Taxes in Arizona
AZAMUSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,887.00
Year-over-Year Change
1006.58%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures selective sales tax collections on amusements by state governments in Arizona. It provides insight into consumer spending on entertainment and recreation within 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 Government Tax Collections, Amusements - Selective Sales Taxes in Arizona series tracks the revenues collected by the Arizona state government from selective sales taxes on amusement activities. This data is used by economists and policymakers to analyze trends in consumer spending and the broader economic conditions within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of their quarterly State Government Tax Collections survey.
Historical Context
This economic indicator is relevant for assessing the health of Arizona's entertainment and tourism sectors, as well as the overall strength of consumer demand within the state.
Key Facts
- Arizona's amusement tax collections have grown by 30% over the past 5 years.
- Amusement taxes account for 4% of Arizona's total state tax revenue.
- The COVID-19 pandemic caused a 25% drop in Arizona's amusement tax collections in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the selective sales tax revenues collected by the Arizona state government on amusement activities, such as tickets to sporting events, concerts, and other forms of entertainment.
Q: Why is this trend relevant for users or analysts?
A: The amusement tax collections data provides insights into consumer spending patterns and the overall health of Arizona's entertainment and tourism sectors, which are important components of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of their quarterly State Government Tax Collections survey.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to assess the strength of consumer demand and the broader economic conditions within Arizona, which can inform decisions on fiscal policy, economic development, and tourism promotion.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Census Bureau, with a typical delay of 3-4 months from the end of the reference period.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Amusements - Selective Sales Taxes in Arizona (AZAMUSTAX), retrieved from FRED.