State Tax Collections: T11 Amusements Sales Tax for Ohio
This dataset tracks state tax collections: t11 amusements sales tax for ohio over time.
Latest Value
83.00
Year-over-Year Change
7.79%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures amusements sales tax collections in the state of Ohio. It provides insight into consumer spending and state tax revenue.
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 Ohio series tracks the total sales tax revenue collected by the state government from amusements-related transactions. This data is used by economists and policymakers to analyze consumer behavior and state fiscal conditions.
Methodology
The data is collected through state government tax records and administrative reporting.
Historical Context
This trend is relevant for understanding the health of Ohio's entertainment and leisure sectors, as well as its overall tax base.
Key Facts
- Ohio has a 6% state sales tax rate.
- Amusements sales tax accounts for ~5% of Ohio's total tax collections.
- The amusements sector makes up 3.2% of Ohio's gross state product.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total sales tax revenue collected by the state of Ohio from amusements-related transactions, such as movie tickets, sporting events, and other recreational activities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer spending patterns and the overall health of Ohio's entertainment and leisure sectors, which are important contributors to the state's economy and tax base.
Q: How is this data collected or calculated?
A: The data is collected through state government tax records and administrative reporting.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor consumer behavior, assess the fiscal condition of the state, and inform policy decisions related to taxation, economic development, and budgeting.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag, so it may not reflect the most recent economic conditions. Additionally, the data only covers the state of Ohio and may not be representative of national trends.
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Citation
U.S. Federal Reserve, State Tax Collections: T11 Amusements Sales Tax for Ohio (QTAXT11QTAXCAT3OHNO), retrieved from FRED.