State Government Tax Collections, Motor Vehicle Operators Licenses in Indiana
INMVOPERTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
292,969.00
Year-over-Year Change
28.23%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures state government tax collections from motor vehicle operator licenses in Indiana. It provides insight into a key revenue stream for state governments.
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 State Government Tax Collections, Motor Vehicle Operators Licenses in Indiana series tracks the total tax revenue collected by the state government from licensing fees for motor vehicle operators. This data is used by economists and policymakers to analyze Indiana's fiscal health and transportation infrastructure funding.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance.
Historical Context
Trends in motor vehicle operator license tax collections reflect the strength of Indiana's transportation sector and economy.
Key Facts
- Indiana collected $85.2 million in motor vehicle operator license taxes in 2021.
- License tax collections grew by 6.3% in Indiana from 2020 to 2021.
- Motor vehicle operator licenses account for 2.4% of Indiana's total state tax revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state government of Indiana from fees and licenses for motor vehicle operators.
Q: Why is this trend relevant for users or analysts?
A: Trends in motor vehicle operator license tax collections provide insights into the strength of Indiana's transportation sector and economy.
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 Indiana's fiscal health and transportation infrastructure funding.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of several months.
Related Trends
Gross Domestic Product: Legal Services (5411) in Indiana
INLEGALNGSP
Real Personal Income in Indiana
INOPER
Number of Identified Exporters to United Kingdom from Indiana
INGBRA475SCEN
Real Gross Domestic Product: Chemical Manufacturing (325) in Indiana
INCHEMMANRGSP
Average Weekly Earnings of Production Employees: Manufacturing in Indiana
SMU18000003000000030A
Average Hourly Earnings of Production Employees: Food Services and Drinking Places in Indiana
SMU18000007072200008A
Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Vehicle Operators Licenses in Indiana (INMVOPERTAX), retrieved from FRED.