State Government Tax Collections, Amusements - Selective Sales Taxes in Montana
MTAMUSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83,384.00
Year-over-Year Change
55.58%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures state government tax collections on amusements and selective sales taxes in Montana. It provides insights into consumer spending and recreational activity 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 - Selective Sales Taxes in Montana' series tracks the revenue generated by the state government from taxes on amusement-related goods and services. This data is used by economists and policymakers to analyze consumer demand, recreational spending, and the broader economic health of Montana.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Historical Context
This economic indicator is relevant for understanding Montana's tourism industry and consumer trends.
Key Facts
- Montana collects selective sales taxes on amusements like movie tickets and sporting events.
- Amusement tax collections account for a small portion of Montana's overall state tax revenue.
- Tax collections on amusements can fluctuate with changes in consumer spending and tourism activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state government of Montana on amusements and selective sales of goods and services related to recreational activities.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending on recreational activities in Montana, which is an important indicator of the state's economic health and tourism industry.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze consumer demand, recreational spending patterns, and the overall economic conditions in Montana.
Q: Are there update delays or limitations?
A: There may be some delays in the data due to the time required for state governments to report and for the Census Bureau to compile the information.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Amusements - Selective Sales Taxes in Montana (MTAMUSTAX), retrieved from FRED.