State Government Tax Collections, Motor Vehicle Operators Licenses in Louisiana
LAMVOPERTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,819.00
Year-over-Year Change
5.42%
Date Range
1/1/1951 - 1/1/2024
Summary
The 'State Government Tax Collections, Motor Vehicle Operators Licenses in Louisiana' metric tracks revenue from driver's license fees and related taxes collected by the Louisiana state government. This data provides insight into transportation-related economic activity and government finances.
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 series measures the total tax revenue collected by the Louisiana state government from fees and taxes related to the issuance of driver's licenses and other motor vehicle operator's licenses. It serves as an indicator of transportation-related economic activity and fiscal conditions within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Historical Context
Policymakers and analysts use this metric to assess transportation infrastructure funding, state budget trends, and the overall economic environment.
Key Facts
- Louisiana collected $194 million in motor vehicle operator's license taxes in 2021.
- This metric has shown a steady increase over the past decade, growing by 25% since 2012.
- Transportation-related taxes account for approximately 2% of Louisiana's total state tax revenue.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total tax revenue collected by the Louisiana state government from fees and taxes related to the issuance of driver's licenses and other motor vehicle operator's licenses.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into transportation-related economic activity and government finances within the state of Louisiana, which is useful for policymakers, transportation planners, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess transportation infrastructure funding, state budget trends, and the overall economic environment in Louisiana.
Q: Are there update delays or limitations?
A: This data is reported quarterly by the Census Bureau, so there may be a 1-2 quarter delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Vehicle Operators Licenses in Louisiana (LAMVOPERTAX), retrieved from FRED.