State Tax Collections: T21 Amusements License for New York
QTAXT21QTAXCAT3NYNO • 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 New York. It provides insight into a key revenue source for state governments.
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 New York series tracks quarterly tax receipts from amusements licenses, which include fees for events, entertainment, and recreational activities. This metric offers a window into economic activity and consumer spending patterns within the state.
Methodology
The data is collected and published by the U.S. Census Bureau.
Historical Context
Policymakers and analysts monitor this trend to assess the health of New York's entertainment and tourism sectors.
Key Facts
- New York generates over $500 million annually from amusements licenses.
- Taxes on events, shows, and recreational activities make up 5% of New York's total tax revenue.
- Amusements license collections tend to rise during economic expansions and fall during recessions.
FAQs
Q: What does this economic trend measure?
A: The State Tax Collections: T21 Amusements License for New York series tracks quarterly tax receipts from licenses for events, entertainment, and recreational activities in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insight into economic activity and consumer spending patterns in New York's entertainment and tourism sectors, which are important for policymakers and analysts to monitor.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the health of New York's entertainment and tourism industries, which can inform economic and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a typical 3-month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, State Tax Collections: T21 Amusements License for New York (QTAXT21QTAXCAT3NYNO), retrieved from FRED.