State Tax Collections: T11 Amusements Sales Tax for South Dakota
QTAXT11QTAXCAT3SDNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures the total sales tax revenue collected by the state of South Dakota from amusements-related transactions. It provides insight into consumer spending and economic activity in the state's entertainment and leisure 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 South Dakota' series tracks the monthly sales tax receipts the state government collects from the amusements industry, which includes activities like movie theaters, concerts, and recreational services. This data point is used by economists and policymakers to analyze consumer demand and gauge the health of the state's entertainment economy.
Methodology
The data is collected and reported by the South Dakota Department of Revenue.
Historical Context
This state-level tax revenue data is relevant for understanding broader economic trends and informing fiscal and policy decisions.
Key Facts
- South Dakota has no state-level personal income tax.
- Amusements sales tax accounts for about 2% of total state tax collections.
- The amusements industry employs over 20,000 South Dakotans.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total sales tax revenue collected by the state of South Dakota from the amusements industry, including activities like movie theaters, concerts, and recreational services.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer spending and economic activity in South Dakota's entertainment and leisure sectors, which is useful for economists and policymakers analyzing the state's economic health.
Q: How is this data collected or calculated?
A: The data is collected and reported by the South Dakota Department of Revenue.
Q: How is this trend used in economic policy?
A: This state-level tax revenue data is relevant for understanding broader economic trends and informing fiscal and policy decisions.
Q: Are there update delays or limitations?
A: The data is reported monthly with a typical 2-3 month lag.
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Citation
U.S. Federal Reserve, State Tax Collections: T11 Amusements Sales Tax for South Dakota (QTAXT11QTAXCAT3SDNO), retrieved from FRED.