State Government Tax Collections, Motor Vehicle Licenses in Massachusetts
MAMOTOLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
464,574.00
Year-over-Year Change
23.38%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures state government tax collections from motor vehicle licenses in Massachusetts. It provides insights into the state's transportation revenue and economic activity.
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 Massachusetts series tracks the total tax revenue collected by the Massachusetts state government from motor vehicle licenses and registrations. This data is used by economists and policymakers to analyze transportation funding, consumer trends, and economic conditions in the state.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government agencies.
Historical Context
Trends in motor vehicle license tax collections offer insights into consumer spending, transportation infrastructure investment, and broader economic conditions in Massachusetts.
Key Facts
- Massachusetts collected $673 million in motor vehicle license taxes in 2021.
- Motor vehicle license tax revenue has grown by 18% in Massachusetts over the past decade.
- Transportation taxes account for about 5% of total state government tax collections in Massachusetts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the Massachusetts state government from motor vehicle licenses and registrations.
Q: Why is this trend relevant for users or analysts?
A: Trends in motor vehicle license tax collections offer insights into consumer spending, transportation infrastructure investment, and broader economic conditions in Massachusetts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze transportation funding, consumer trends, and economic conditions in Massachusetts.
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 Vehicle Licenses in Massachusetts (MAMOTOLICTAX), retrieved from FRED.