State Tax Collections: T11 Amusements Sales Tax for California
This dataset tracks state tax collections: t11 amusements sales tax for california over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 10/1/2013
Summary
This economic trend measures California's amusements sales tax collections, which provide insights into consumer spending and economic activity in the state's leisure and entertainment sectors.
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: T11 Amusements Sales Tax for California series tracks quarterly tax receipts from sales of goods and services related to amusement and recreation activities within the state. This metric offers a timely gauge of consumer demand and discretionary spending patterns.
Methodology
The data is collected and reported by the California Department of Tax and Fee Administration.
Historical Context
Policymakers and economists monitor this indicator to assess the broader health of California's economy.
Key Facts
- California is the most populous U.S. state.
- Amusements sales tax accounts for around 2% of total state tax revenue.
- Quarterly collections have fluctuated significantly due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures quarterly tax receipts from sales of goods and services related to amusement and recreation activities in the state of California.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into consumer spending patterns and the overall health of California's leisure and entertainment sectors, which are important contributors to the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the California Department of Tax and Fee Administration.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this indicator to assess the broader economic conditions in California and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, State Tax Collections: T11 Amusements Sales Tax for California (QTAXT11QTAXCAT3CANO), retrieved from FRED.