State Tax Collections: T11 Amusements Sales Tax for Massachusetts
This dataset tracks state tax collections: t11 amusements sales tax for massachusetts over time.
Latest Value
83.00
Year-over-Year Change
12.16%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures amusements sales tax collections in Massachusetts. It provides insights into consumer spending on entertainment and leisure activities 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 Tax Collections: T11 Amusements Sales Tax for Massachusetts tracks the revenue generated from the sales tax levied on amusement-related purchases in the state. This data offers economists and policymakers a window into consumer behavior and the health of the local entertainment industry.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Historical Context
This metric is used to monitor consumer confidence and discretionary spending patterns that can inform fiscal and economic policies.
Key Facts
- Massachusetts levies a 6.25% sales tax on amusements.
- Amusements sales tax revenue accounts for ~2% of total state tax collections.
- Amusements sales tax revenue has grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the sales tax revenue collected by the state of Massachusetts on amusement-related purchases, such as tickets to events, attractions, and recreational activities.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending patterns on discretionary leisure activities, which can be an important indicator of economic health and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists can use this metric to monitor consumer behavior and discretionary spending, which can inform decisions around fiscal, monetary, and economic development policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Tax Collections: T11 Amusements Sales Tax for Massachusetts (QTAXT11QTAXCAT3MANO), retrieved from FRED.