State Tax Collections: T13 Motor Fuels Sales Tax for Arizona
QTAXT13QTAXCAT3AZNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
250.00
Year-over-Year Change
3.31%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures the total state tax collections from motor fuels sales in Arizona. It is an important indicator of economic activity, consumer spending, and transportation 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 State Tax Collections: T13 Motor Fuels Sales Tax for Arizona series tracks the total tax revenue the state of Arizona collects from the sale of motor fuels. This data provides insights into consumer behavior, transportation usage, and the overall economic climate within the state.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on reports from the Arizona Department of Revenue.
Historical Context
Policymakers and economists use this trend to analyze the health of Arizona's transportation sector and make informed decisions about infrastructure, taxation, and energy policies.
Key Facts
- Arizona's motor fuels sales tax collections totaled $1.02 billion in 2021.
- The trend has shown a 5.2% average annual growth rate over the past decade.
- Motor fuels sales tax accounts for approximately 12% of Arizona's total state tax revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total state tax revenue collected from the sale of motor fuels in Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending, transportation patterns, and the overall economic conditions within Arizona.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on reports from the Arizona Department of Revenue.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze the health of Arizona's transportation sector and make informed decisions about infrastructure, taxation, and energy policies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay by the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T13 Motor Fuels Sales Tax for Arizona (QTAXT13QTAXCAT3AZNO), retrieved from FRED.