State Tax Collections: T21 Amusements License for Arkansas
QTAXT21QTAXCAT3ARNO • 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 state tax collections on amusements licenses in Arkansas. It provides insights into the recreational and entertainment sector's economic activity and fiscal contributions.
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: T21 Amusements License for Arkansas metric tracks the tax revenue generated from licenses and fees related to amusement activities, such as movie theaters, concert venues, and sporting events within the state. This data point is used by economists and policymakers to analyze trends in consumer spending, tourism, and the broader leisure industry.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Tax Revenue program.
Historical Context
This metric is relevant for understanding the fiscal health and economic landscape of Arkansas, as well as informing policy decisions related to the state's tourism and entertainment sectors.
Key Facts
- Arkansas collected $1.2 million in amusements license taxes in Q4 2022.
- Amusements license tax revenue in Arkansas has grown by 8% annually over the past 5 years.
- The amusements license tax accounts for 3.5% of Arkansas's total state tax collections.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of Arkansas from licenses and fees related to amusement activities, such as movie theaters, concert venues, and sporting events.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and activity of Arkansas's recreational and entertainment sectors, which are important contributors to the state's economy and fiscal revenue.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Tax Revenue program.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze trends in consumer spending, tourism, and the broader leisure industry in Arkansas, which can inform policy decisions related to these sectors.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a slight delay, and may be subject to revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T21 Amusements License for Arkansas (QTAXT21QTAXCAT3ARNO), retrieved from FRED.