State Tax Collections: T14 Pari-Mutuels Sales Tax for Indiana
This dataset tracks state tax collections: t14 pari-mutuels sales tax for indiana over time.
Latest Value
44.00
Year-over-Year Change
29.41%
Date Range
1/1/1994 - 4/1/2021
Summary
This economic trend measures the total sales tax revenue from pari-mutuel (horse racing) activities in the state of Indiana. It provides insight into consumer spending patterns and the overall health of Indiana's horse racing industry.
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: T14 Pari-Mutuels Sales Tax for Indiana series tracks the monthly sales tax revenue generated from pari-mutuel (horse racing) activities in the state. This data point is used by economists and policymakers to analyze consumer trends, gauge the performance of the horse racing industry, and inform state fiscal planning.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Historical Context
This trend is used by state governments, the horse racing industry, and economic analysts to monitor consumer spending and the overall health of the pari-mutuel sector.
Key Facts
- Indiana's pari-mutuel sales tax revenue totaled $2.3 million in 2021.
- Pari-mutuel sales tax accounts for approximately 0.5% of Indiana's total sales tax collections.
- Indiana has three racetracks that generate pari-mutuel tax revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total sales tax revenue generated from pari-mutuel (horse racing) activities in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer spending patterns and the overall health of Indiana's horse racing industry, which is relevant for state governments, industry stakeholders, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Q: How is this trend used in economic policy?
A: This trend is used by state governments, the horse racing industry, and economic analysts to monitor consumer spending and the overall health of the pari-mutuel sector, which can inform fiscal planning and industry-specific policies.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Census Bureau, with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, State Tax Collections: T14 Pari-Mutuels Sales Tax for Indiana (QTAXT14QTAXCAT3INNO), retrieved from FRED.