State Government Tax Collections, Motor Fuels - Selective Sales Taxes in Delaware
DEFUELTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136,253.00
Year-over-Year Change
20.68%
Date Range
1/1/1942 - 1/1/2024
Summary
The 'State Government Tax Collections, Motor Fuels - Selective Sales Taxes in Delaware' trend measures the revenue collected by the Delaware state government from taxes on the sale of motor fuels, such as gasoline and diesel. This data provides insight into consumer driving behavior and fuel tax policy.
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 tracks the selective sales tax revenue generated from motor fuel purchases in the state of Delaware. The data is used by policymakers, economists, and transportation analysts to monitor fuel consumption trends and evaluate the fiscal impact of fuel tax policies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Historical Context
Fuel tax revenue is an important source of funding for infrastructure, transportation, and environmental programs at the state level.
Key Facts
- Delaware collected $111 million in motor fuel taxes in 2021.
- The state's motor fuel tax rate is $0.23 per gallon.
- Fuel tax revenue accounts for 5% of Delaware's total state tax collections.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected by the state government of Delaware from taxes on the sale of motor fuels, such as gasoline and diesel.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer driving behavior and fuel tax policy, which is important for policymakers, economists, and transportation analysts.
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 agencies.
Q: How is this trend used in economic policy?
A: Fuel tax revenue is an important source of funding for infrastructure, transportation, and environmental programs at the state level.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of several months.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Fuels - Selective Sales Taxes in Delaware (DEFUELTAX), retrieved from FRED.