State Government Tax Collections, Motor Fuels - Selective Sales Taxes in Arizona
AZFUELTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
891,325.00
Year-over-Year Change
-0.63%
Date Range
1/1/1942 - 1/1/2024
Summary
The 'State Government Tax Collections, Motor Fuels - Selective Sales Taxes in Arizona' trend measures Arizona's tax revenue from fuel sales, providing insight into consumer behavior and transportation activity in 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 data series tracks Arizona's tax collections on the sale of motor fuels, including gasoline and diesel. It serves as an important indicator of economic and transportation trends, as fuel taxes are closely tied to consumer spending and freight movement within the state.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax authorities.
Historical Context
Analysts and policymakers use this trend to assess Arizona's fiscal health and the state of its transportation sector.
Key Facts
- Arizona's fuel tax revenue totaled $1.03 billion in 2021.
- Fuel taxes account for approximately 15% of Arizona's state tax collections.
- Motor fuel tax rates in Arizona are $0.18 per gallon for gasoline and $0.26 per gallon for diesel.
FAQs
Q: What does this economic trend measure?
A: This trend measures Arizona's tax revenue from the sale of motor fuels, including gasoline and diesel.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer behavior and transportation activity in Arizona, which is important for assessing the state's fiscal health and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax authorities.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to monitor Arizona's transportation sector and make informed decisions regarding infrastructure, taxation, and economic development.
Q: Are there update delays or limitations?
A: There may be delays in data reporting due to the time required for state governments to compile and submit their tax collection information.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Fuels - Selective Sales Taxes in Arizona (AZFUELTAX), retrieved from FRED.