State Tax Collections: T11 Amusements Sales Tax for Rhode Island
This dataset tracks state tax collections: t11 amusements sales tax for rhode island over time.
Latest Value
103.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures the sales tax revenue collected by the state of Rhode Island on amusement-related transactions. It provides insight into consumer spending patterns and the health of the state's entertainment and tourism 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 Rhode Island metric tracks the total sales tax revenue generated from the taxation of amusement-related activities and purchases within the state. This data point is used by policymakers and analysts to monitor economic conditions and consumer behavior.
Methodology
The data is collected directly from Rhode Island's state tax revenue reporting.
Historical Context
Amusements sales tax revenue is a key indicator for state governments and businesses focused on tourism, hospitality, and leisure industries.
Key Facts
- Rhode Island's amusements sales tax revenue totaled $12.4 million in 2021.
- The amusements sales tax accounts for approximately 2% of Rhode Island's total sales tax collections.
- Amusements sales tax revenue in Rhode Island 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 Rhode Island on amusement-related transactions, including tickets, admissions, and other purchases in the entertainment and recreation sectors.
Q: Why is this trend relevant for users or analysts?
A: Amusements sales tax revenue is an important indicator of consumer spending patterns and the health of Rhode Island's tourism and leisure industries, which are crucial components of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected directly from Rhode Island's state tax revenue reporting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor economic conditions, consumer behavior, and the performance of Rhode Island's entertainment and tourism sectors, which inform policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: The amusements sales tax data is typically published on a quarterly basis by the U.S. Federal Reserve, with a lag of several months from the end of the reporting period.
Related News
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. Job Growth Slowdown Affects Unemployment Rate
The Impact of Weak Job Growth on the US Unemployment Rate The unemployment rate has always been a vital gauge to understand the United States' economic health. Recent times have brought this indicator into sharper focus, especially as weak job growth continues to challenge the nation’s economy. The pressures of a sluggish labor market may lead to more significant economic consequences, impacting not just the workforce but the broader fiscal landscape. Weak job growth, leading to an increased un
Falling Mortgage Rates: Expert Advice for U.S. Homebuyers and Sellers
Expert Tips for Homebuyers and Sellers as Mortgage Rates Drop Mortgage rates are making headlines as they continue to decline, promising significant impacts on both homebuyers and sellers. These shifts in the real estate landscape invite a closer look at how adjustments in economic indicators, such as the federal funds rate and the 10-year treasury yield chart, are playing a part in this development. The U.S. housing market is reacting in intriguing ways, offering potential advantages for those
Unpredictability of Interest Rate Direction in the United States
Navigating the Unpredictability of Interest Rates Interest rates have turned into one of the most unpredictable elements in the American financial landscape. This unpredictability stems largely from the nuanced decisions of the Federal Reserve, often referred to as the Fed, whose policies ripple through financial markets, influencing borrowing costs for everyone from ambitious entrepreneurs to families securing mortgages. The web of economic indicators, which serves as the backbone for interest
Impact of U.S. Treasury Yields Rise After Fed Rate Cut
The Impact of a Treasury Yield Rise on the U.S. Economy After a Fed Rate Cut The current rise in the 10-year Treasury bond rate has caught the attention of economists, investors, and policymakers alike. Treasury yields, particularly the 10-year Treasury bond rate, act as a key indicator of the economic outlook in the United States. They affect interest rates, the bond market, and expectations for inflation. Understanding their fluctuations can offer insight into financial markets and help guide
U.S. Jobless Claims Spike, Followed By Decline, Layoffs Remain Low
U.S. Jobless Claims Spike and Decline: Insights into Labor Market Trends U.S. jobless claims recently spiked, only to decline soon after, highlighting interesting patterns in the labor market. At the heart of these shifts lies a tale of layoffs and employment dynamics that paint a picture of the U.S. economy's current state. These fluctuations in jobless claims explain broader economic metrics like the unemployment rate and employment rate. This overview offers a window into the complex interpl
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, State Tax Collections: T11 Amusements Sales Tax for Rhode Island (QTAXT11QTAXCAT3RINO), retrieved from FRED.