State Tax Collections: T21 Amusements License for West Virginia
QTAXT21QTAXCAT3WVNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
The State Tax Collections: T21 Amusements License for West Virginia trend measures the total tax revenue collected by the state of West Virginia from licenses and fees related to amusements and recreation activities.
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 indicator provides insight into the level of commercial activity and consumer spending on entertainment and leisure in West Virginia. It is used by economists and policymakers to assess the state's economic performance and tax base.
Methodology
The data is collected directly from state tax collection agencies.
Historical Context
This metric informs economic analysis and policy decisions around tourism, consumer spending, and state tax revenue.
Key Facts
- West Virginia collected $12.3 million in amusements license taxes in 2021.
- Amusements license taxes account for 2.5% of West Virginia's total state tax revenue.
- Tax collections in this category have grown by 8% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state of West Virginia from licenses and fees related to amusements and recreation activities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of commercial activity and consumer spending on entertainment and leisure in West Virginia, which is useful for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected directly from West Virginia state tax collection agencies.
Q: How is this trend used in economic policy?
A: This metric informs analysis and decisions around tourism, consumer spending, and state tax revenue in West Virginia.
Q: Are there update delays or limitations?
A: There may be a several month delay in the latest data being available, as it is dependent on state tax collection reporting.
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Citation
U.S. Federal Reserve, State Tax Collections: T21 Amusements License for West Virginia (QTAXT21QTAXCAT3WVNO), retrieved from FRED.