State Tax Collections: T21 Amusements License for Ohio
QTAXT21QTAXCAT3OHNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-20.00%
Date Range
1/1/1994 - 4/1/2025
Summary
This economic trend measures state tax collections from amusements licenses in Ohio. It provides insights into the performance and growth of the state's entertainment and recreation industries.
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 Ohio trend tracks the revenue generated by taxes on amusement activities and venues within the state. This metric helps economists and policymakers monitor the health and dynamics of Ohio's leisure and hospitality sectors.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Tax Revenue survey.
Historical Context
Trends in amusements tax collections offer signals about consumer spending patterns and the broader economic conditions impacting Ohio's entertainment industries.
Key Facts
- Ohio's amusements tax collections totaled $49.3 million in Q4 2022.
- Amusements tax revenue has increased by 12.5% year-over-year in Ohio.
- The amusements tax accounts for 4.2% of Ohio's total state tax collections.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of Ohio on amusement activities and venues, such as movie theaters, concerts, and sporting events.
Q: Why is this trend relevant for users or analysts?
A: Trends in amusements tax collections provide insights into consumer spending patterns and the overall health of Ohio's leisure and hospitality industries, which are important contributors to 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's Quarterly Summary of State and Local Tax Revenue survey.
Q: How is this trend used in economic policy?
A: Economists and policymakers may use this trend to assess the impact of economic conditions, consumer confidence, and tourism on Ohio's entertainment and recreation sectors, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Tax Collections: T21 Amusements License for Ohio (QTAXT21QTAXCAT3OHNO), retrieved from FRED.