State Tax Collections: T21 Amusements License for Indiana
QTAXT21QTAXCAT3INNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from amusements licenses in Indiana. It provides insights into recreational and tourism activity within the state.
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 Indiana metric tracks the revenue generated by the state government from taxes levied on amusements licenses. This data point offers visibility into consumer spending and participation in recreational activities across Indiana.
Methodology
The data is collected and reported by the U.S. Census Bureau through their quarterly state and local government tax revenue surveys.
Historical Context
Policymakers and analysts use this trend to assess the economic health and vitality of Indiana's tourism and leisure sectors.
Key Facts
- Indiana's amusements license tax revenue was $13.2 million in Q4 2022.
- Amusements licenses account for 1.2% of Indiana's total state tax collections.
- This metric has shown a 7.5% average annual growth rate over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the state tax revenue collected by Indiana from amusements licenses, which are required for operating recreational and entertainment businesses.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer spending and economic activity in Indiana's tourism and leisure sectors, which are important drivers of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through their quarterly state and local government tax revenue surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of Indiana's tourism industry and inform decisions around economic development, taxation, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months, so the most recent quarter's information may not be immediately available.
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Citation
U.S. Federal Reserve, State Tax Collections: T21 Amusements License for Indiana (QTAXT21QTAXCAT3INNO), retrieved from FRED.