State Government Tax Collections, Motor Fuels - Selective Sales Taxes in Arkansas
ARFUELTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
618,053.00
Year-over-Year Change
32.33%
Date Range
1/1/1942 - 1/1/2024
Summary
The 'State Government Tax Collections, Motor Fuels - Selective Sales Taxes in Arkansas' trend measures the revenue collected by the Arkansas state government from taxes on the sale of motor fuels. This metric is an important indicator of transportation activity and fuel consumption within 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
This series represents the total selective sales taxes levied by the state of Arkansas on the sale of motor fuels such as gasoline and diesel. The data is collected and reported by the U.S. Census Bureau as part of their state and local government finance statistics, providing insight into a key revenue source for the state.
Methodology
The data is compiled from reports submitted by the Arkansas state government detailing tax collections on motor fuel sales.
Historical Context
Trends in motor fuel tax collections are closely monitored by policymakers and economists to assess transportation patterns, consumer demand, and the fiscal health of state governments.
Key Facts
- Arkansas collected $489 million in motor fuel taxes in 2021.
- Gasoline accounts for over 80% of motor fuel tax revenue in Arkansas.
- Motor fuel taxes have been a major revenue source for the state since the 1920s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of selective sales taxes collected by the state government of Arkansas on the sale of motor fuels such as gasoline and diesel.
Q: Why is this trend relevant for users or analysts?
A: Trends in motor fuel tax collections provide important insights into transportation activity, consumer spending, and state government finances.
Q: How is this data collected or calculated?
A: The data is compiled from reports submitted by the Arkansas state government detailing tax collections on motor fuel sales.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor motor fuel tax collections to assess transportation patterns, consumer demand, and the fiscal health of state governments.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the U.S. Census Bureau, with typical delays of several months between the end of the reporting period and public release.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Fuels - Selective Sales Taxes in Arkansas (ARFUELTAX), retrieved from FRED.