State Tax Collections: T11 Amusements Sales Tax for Iowa
This dataset tracks state tax collections: t11 amusements sales tax for iowa over time.
Latest Value
85.00
Year-over-Year Change
-6.59%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures amusements sales tax collections in the state of Iowa. It provides insight into consumer spending on recreational activities and entertainment, which is a key indicator of economic health.
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 Iowa metric tracks the total revenue generated from sales taxes on amusement-related purchases in the state. This data point is used by economists and policymakers to assess consumer demand, gauge discretionary spending, and understand the overall strength of the local economy.
Methodology
The data is collected directly from the Iowa Department of Revenue's tax administration system.
Historical Context
Amusements sales tax trends are closely monitored by state governments, as the revenue directly supports budgets and public services.
Key Facts
- Iowa's amusements sales tax rate is 6%.
- Amusements sales tax makes up around 2% of Iowa's total state tax revenue.
- Amusements sales tax collections have grown by 15% over the past 5 years in Iowa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total sales tax revenue collected by the state of Iowa on purchases of amusement-related goods and services, such as tickets to entertainment events, recreational activities, and other leisure spending.
Q: Why is this trend relevant for users or analysts?
A: Amusements sales tax collections provide insight into consumer discretionary spending habits and the overall strength of Iowa's economy. This data is closely monitored by state officials, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from the Iowa Department of Revenue's tax administration system, which tracks all sales tax remittances within the state.
Q: How is this trend used in economic policy?
A: State governments, including Iowa, use amusements sales tax data to inform budget planning, economic development initiatives, and other policy decisions that impact the leisure and entertainment sectors.
Q: Are there update delays or limitations?
A: The amusements sales tax data is published by the Iowa Department of Revenue on a quarterly basis, with a lag of approximately 2-3 months.
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Citation
U.S. Federal Reserve, State Tax Collections: T11 Amusements Sales Tax for Iowa (QTAXT11QTAXCAT3IANO), retrieved from FRED.