State Tax Collections: T11 Amusements Sales Tax for Louisiana
This dataset tracks state tax collections: t11 amusements sales tax for louisiana over time.
Latest Value
147.00
Year-over-Year Change
-17.42%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend tracks sales tax revenue from the amusements industry in Louisiana. It provides insights 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 Louisiana measures the monthly sales tax revenue collected from the amusements industry, including activities like movie theaters, sporting events, and other recreational services. This data point is useful for economists and policymakers to gauge consumer demand and overall economic conditions in Louisiana.
Methodology
The data is collected and reported by the Louisiana Department of Revenue.
Historical Context
Policymakers and analysts use this trend to monitor the health of Louisiana's entertainment and tourism industries.
Key Facts
- Louisiana's amusements sales tax revenue totaled $24.3 million in 2021.
- The amusements industry accounts for approximately 5% of Louisiana's total sales tax collections.
- Amusements sales tax revenue in Louisiana has increased by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly sales tax revenue collected from the amusements industry in Louisiana, including activities like movie theaters, sporting events, and other recreational services.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into consumer spending and economic activity in Louisiana's entertainment and recreation sectors, which is useful for economists and policymakers to gauge the health of these industries.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Louisiana Department of Revenue.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the health of Louisiana's entertainment and tourism industries, which can inform economic development strategies and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately 2 months.
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Citation
U.S. Federal Reserve, State Tax Collections: T11 Amusements Sales Tax for Louisiana (QTAXT11QTAXCAT3LANO), retrieved from FRED.