State Tax Collections: T11 Amusements Sales Tax for Kentucky
This dataset tracks state tax collections: t11 amusements sales tax for kentucky over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures amusements sales tax collections in Kentucky, providing insight into consumer spending and economic activity in the state's entertainment and recreation 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 Kentucky metric tracks the total sales tax revenue generated from the amusement industry in Kentucky, including ticket sales, recreation fees, and other leisure-related purchases. This data point is used by economists and policymakers to assess consumer demand and overall economic health within the state.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local tax authorities.
Historical Context
Amusements sales tax is an important indicator for evaluating fiscal policy and business trends in Kentucky's tourism and entertainment industries.
Key Facts
- Kentucky's amusements sales tax collections totaled $125 million in 2021.
- Amusements sales tax accounts for approximately 5% of Kentucky's total sales tax revenue.
- Amusements sales tax collections in Kentucky have grown by 8% on average over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total sales tax revenue generated from amusement and recreation-related purchases in the state of Kentucky.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into consumer spending patterns and the overall health of Kentucky's tourism and entertainment industries, which are important for economic policymaking and business planning.
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 tax authorities.
Q: How is this trend used in economic policy?
A: Amusements sales tax collections are used by economists and policymakers to evaluate fiscal policy, monitor consumer demand, and assess business trends in Kentucky's recreation and tourism sectors.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis with a 3-month lag, so the most recent quarter's information may not be immediately available.
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Citation
U.S. Federal Reserve, State Tax Collections: T11 Amusements Sales Tax for Kentucky (QTAXT11QTAXCAT3KYNO), retrieved from FRED.