State Tax Collections: T21 Amusements License for Maryland
QTAXT21QTAXCAT3MDNO • 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 tracks state tax collections on amusements licenses in Maryland. It provides insights into recreational and entertainment industry activity and consumer spending patterns 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 Maryland series measures the revenue the state of Maryland collects from taxes on licenses for amusement-related businesses and activities. This metric offers a window into the health and trends of Maryland's recreational and entertainment sectors.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess the economic conditions and consumer behavior in Maryland's leisure and hospitality industries.
Key Facts
- Maryland's amusements tax collections peaked in 2019 at $58.3 million.
- Tax revenue from this source declined 49% in 2020 due to the COVID-19 pandemic.
- Amusements tax revenue accounts for about 1% of Maryland's total state tax collections.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the tax revenue the state of Maryland collects from licenses and taxes on amusement-related businesses and activities.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and performance of Maryland's leisure, entertainment, and recreational industries, which are important drivers of consumer spending and economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess economic conditions and consumer behavior in Maryland's leisure and hospitality sectors, which can inform policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in reporting and publishing the data, and the metric may not capture all amusements-related economic activity in the state.
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Citation
U.S. Federal Reserve, State Tax Collections: T21 Amusements License for Maryland (QTAXT21QTAXCAT3MDNO), retrieved from FRED.