State Government Tax Collections, Motor Fuels - Selective Sales Taxes in Indiana
INFUELTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,733,059.00
Year-over-Year Change
112.69%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections from motor fuels selective sales taxes in Indiana. It is an important indicator for understanding fuel tax revenue and energy consumption patterns 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
The Indiana motor fuels selective sales tax collection trend represents the total amount of tax revenue generated from state taxes on the sale of gasoline, diesel, and other motor fuels. This data is used by policymakers and economists to analyze fuel consumption, transportation infrastructure funding, and energy policy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This trend is relevant for monitoring Indiana's fuel tax policies and their impact on transportation funding and energy markets.
Key Facts
- Indiana's motor fuels tax rate was 18 cents per gallon in 2022.
- Fuel tax revenues fund state road and bridge maintenance.
- Indiana is the 16th largest consumer of motor fuels in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of tax revenue collected by the state government of Indiana from the sales of gasoline, diesel, and other motor fuels.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding fuel consumption patterns, transportation infrastructure funding, and energy policy in Indiana.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government finance.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze the impact of fuel tax policies on transportation funding and energy markets in Indiana.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Fuels - Selective Sales Taxes in Indiana (INFUELTAX), retrieved from FRED.