State Tax Collections: T11 Amusements Sales Tax for Pennsylvania
This dataset tracks state tax collections: t11 amusements sales tax for pennsylvania over time.
Latest Value
659.00
Year-over-Year Change
30.75%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures the total sales tax revenue collected from amusements activities in the state of Pennsylvania. It provides insights into consumer spending on entertainment and discretionary purchases.
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 Pennsylvania series tracks the sales tax revenue generated from amusement-related transactions in the state. This metric is used by economists and policymakers to gauge consumer confidence and discretionary spending patterns.
Methodology
The data is collected by the U.S. Census Bureau through state tax revenue reports.
Historical Context
Amusements sales tax revenue is a leading indicator of economic health and consumer sentiment.
Key Facts
- Pennsylvania's amusements sales tax accounts for over $500 million in annual revenue.
- Amusements sales tax revenue declined by 20% during the 2008-2009 recession.
- Amusements sales tax collections have grown at an average annual rate of 3.5% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total sales tax revenue collected from amusements activities in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: Amusements sales tax revenue is a leading indicator of consumer spending and discretionary income, providing insights into the overall health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through state tax revenue reports.
Q: How is this trend used in economic policy?
A: Amusements sales tax revenue is closely monitored by economists and policymakers to gauge consumer confidence and discretionary spending patterns, which can inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month delay, and may be subject to revisions as state tax collection reports are finalized.
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Citation
U.S. Federal Reserve, State Tax Collections: T11 Amusements Sales Tax for Pennsylvania (QTAXT11QTAXCAT3PANO), retrieved from FRED.