State Tax Collections: T21 Amusements License for Virginia
QTAXT21QTAXCAT3VANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
20.00%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T21 Amusements License for Virginia' trend measures revenue from taxes on amusement-related activities and licenses in the state of Virginia. This data provides insight into Virginia's entertainment and tourism sectors.
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
This economic trend tracks state-level tax revenue specifically from amusement and entertainment-related licenses and activities in Virginia. It offers a window into consumer behavior and spending patterns in the state's leisure and hospitality industries.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government tax authorities.
Historical Context
Policy analysts and economists use this trend to evaluate the economic health and fiscal policies of the state of Virginia.
Key Facts
- Virginia's amusement tax revenue was $78.5 million in 2021.
- This trend has seen a 12% decline since the COVID-19 pandemic began in 2020.
- Amusement taxes account for 1.2% of Virginia's total state tax collections.
FAQs
Q: What does this economic trend measure?
A: This trend measures tax revenue collected by the state of Virginia specifically from amusement-related licenses and activities, such as those in the entertainment, leisure, and hospitality industries.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer spending patterns and the economic health of Virginia's entertainment sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state and local government tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate Virginia's fiscal policies and the performance of its leisure and hospitality industries.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Tax Collections: T21 Amusements License for Virginia (QTAXT21QTAXCAT3VANO), retrieved from FRED.