State Tax Collections: T21 Amusements License for District of Columbia
This dataset tracks state tax collections: t21 amusements license for district of columbia over time.
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 from amusements licenses in the District of Columbia. It provides insights into recreational and entertainment activity in the region, which is relevant for policymakers and analysts assessing the local economy.
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 District of Columbia series tracks the revenue the District government collects from issuing licenses for various amusement and entertainment activities. This data point can offer clues about consumer spending and the vitality of the local hospitality industry.
Methodology
The data is collected directly from the District of Columbia's tax collection agency.
Historical Context
Economists and policymakers use this metric to gauge the health of the District's service and leisure sectors.
Key Facts
- The District of Columbia levies a 10% tax on amusements licenses.
- Amusements tax collections account for approximately 1% of D.C.'s total tax revenue.
- Amusements tax revenue fluctuates with changes in tourism and consumer spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue the District of Columbia collects from issuing licenses for various amusement and entertainment activities, such as movie theaters, concert halls, and sporting events.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the health and activity of the District's leisure and hospitality industries, which are important sectors of the local economy.
Q: How is this data collected or calculated?
A: The data is collected directly from the District of Columbia's tax collection agency.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to gauge consumer spending and the overall vitality of the District's service and entertainment sectors.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, State Tax Collections: T21 Amusements License for District of Columbia (QTAXT21QTAXCAT3DCNO), retrieved from FRED.