State Tax Collections: T21 Amusements License for Kentucky
QTAXT21QTAXCAT3KYNO • 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 amusements license tax collections in the state of Kentucky. It provides insight into the revenue generated from taxing entertainment and recreational activities in 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 Kentucky data series tracks the monthly tax revenue collected by the state government from licensing fees on amusement-related businesses and activities. This metric is used by economists and policymakers to monitor the health of Kentucky's entertainment and tourism sectors.
Methodology
The data is collected and reported by the Kentucky Department of Revenue.
Historical Context
This state tax collection data informs fiscal and economic policy decisions at the state government level.
Key Facts
- Kentucky's amusements license tax collections totaled $2.3 million in 2021.
- Amusements license taxes account for about 0.5% of Kentucky's total state tax revenue.
- The amusements license tax rate in Kentucky is 3% of gross receipts.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the monthly tax revenue collected by the state government of Kentucky from licensing fees on amusement-related businesses and activities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and performance of Kentucky's entertainment and tourism sectors, which is useful for economic and fiscal policy analysis.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Kentucky Department of Revenue.
Q: How is this trend used in economic policy?
A: This state tax collection data informs fiscal and economic policy decisions at the state government level in Kentucky.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 month lag from the reference period.
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Citation
U.S. Federal Reserve, State Tax Collections: T21 Amusements License for Kentucky (QTAXT21QTAXCAT3KYNO), retrieved from FRED.