State Government Tax Collections, Amusements Licenses in Maine
MEAMSLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
797.00
Year-over-Year Change
13.69%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures state government tax collections from amusements licenses in Maine. It provides insights into recreational and entertainment activities 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 Government Tax Collections, Amusements Licenses in Maine' series tracks the total revenue collected by the Maine state government from taxes on amusements and recreational licenses. This data is a key indicator of consumer spending and economic activity in the leisure and entertainment sectors.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government finance.
Historical Context
This trend is used by economists, policymakers, and businesses to understand consumer demand and the health of Maine's leisure industry.
Key Facts
- Maine collects tax revenue from amusements licenses such as those for fairs, arcades, and other recreational activities.
- Amusements license tax collections account for a small but meaningful portion of Maine's overall state tax revenue.
- Trends in amusements license tax collections can indicate changes in consumer leisure spending in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state government of Maine from amusements and recreational licenses.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending and economic activity in Maine's leisure and entertainment sectors, which is useful for economists, policymakers, and businesses.
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 finance.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to understand consumer demand and the health of Maine's leisure industry, which can inform economic development and tax policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically within a few months of the end of the reporting period.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Amusements Licenses in Maine (MEAMSLICTAX), retrieved from FRED.