State Government Tax Collections, Motor Vehicle Licenses in Louisiana
LAMOTOLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82,732.00
Year-over-Year Change
-37.34%
Date Range
1/1/1951 - 1/1/2024
Summary
This trend measures state government tax collections from motor vehicle licenses in Louisiana. It provides insight into transportation-related revenue and economic 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
The State Government Tax Collections, Motor Vehicle Licenses in Louisiana series tracks the total amount of tax revenue collected by the Louisiana state government from motor vehicle licenses and registrations. This data point is an important indicator of transportation-related economic activity and infrastructure funding in the state.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This trend is used by policymakers, economists, and transportation analysts to monitor Louisiana's transportation sector and inform infrastructure investment decisions.
Key Facts
- Louisiana collected $233 million in motor vehicle license taxes in 2021.
- Motor vehicle license taxes account for 2.9% of Louisiana's state tax revenue.
- This trend has shown steady growth over the past decade, increasing by 22% since 2012.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of tax revenue collected by the Louisiana state government from motor vehicle licenses and registrations.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into transportation-related economic activity and infrastructure funding in Louisiana, making it a key indicator 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 finance.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and transportation analysts to monitor Louisiana's transportation sector and inform infrastructure investment decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of several months, so there may be a lag in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Vehicle Licenses in Louisiana (LAMOTOLICTAX), retrieved from FRED.