State Tax Collections: T11 Amusements Sales Tax for Oklahoma
This dataset tracks state tax collections: t11 amusements sales tax for oklahoma over time.
Latest Value
6.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
The State Tax Collections: T11 Amusements Sales Tax for Oklahoma measures the tax revenue generated from sales of amusement-related goods and services in the state of Oklahoma.
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
This economic trend provides insights into consumer spending patterns and the health of Oklahoma's entertainment and recreation industries. Policymakers and analysts use this data to assess the state's fiscal condition and make informed decisions about tax policy.
Methodology
The data is collected by the U.S. Census Bureau through quarterly state government tax revenue surveys.
Historical Context
This trend is an important indicator for monitoring the economic performance and tax base in Oklahoma.
Key Facts
- Oklahoma's amusement sales tax revenue totaled $24.3 million in 2021.
- The amusement sales tax accounts for about 2% of Oklahoma's total state tax collections.
- Amusement sales tax revenue in Oklahoma has grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue generated from the sale of amusement-related goods and services in the state of Oklahoma.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and the health of Oklahoma's entertainment and recreation industries, which is important for policymakers and analysts assessing the state's fiscal condition and tax policy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through quarterly state government tax revenue surveys.
Q: How is this trend used in economic policy?
A: This trend is an important indicator for monitoring the economic performance and tax base in Oklahoma, which informs policy decisions by state government.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical 2-3 month delay from the end of the reference quarter.
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Citation
U.S. Federal Reserve, State Tax Collections: T11 Amusements Sales Tax for Oklahoma (QTAXT11QTAXCAT3OKNO), retrieved from FRED.