State Tax Collections: T13 Motor Fuels Sales Tax for Georgia
QTAXT13QTAXCAT3GANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
550.00
Year-over-Year Change
14.11%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures motor fuels sales tax collections in the state of Georgia. It is an important indicator of consumer spending, transportation activity, and state fiscal conditions.
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 Georgia tracks the monthly revenue from the state's tax on sales of motor fuels such as gasoline and diesel. This data provides insights into consumer behavior, transportation demand, and the fiscal health of the Georgia state government.
Methodology
The data is collected and reported by the U.S. Census Bureau based on tax remittance reports from the Georgia Department of Revenue.
Historical Context
Policymakers and economists analyze this trend to assess the economic conditions and budgetary outlook for the state of Georgia.
Key Facts
- Georgia's motor fuels sales tax rate is currently 26.3 cents per gallon.
- Motor fuels sales tax revenues account for approximately 15% of Georgia's total state tax collections.
- Georgia's motor fuels sales tax revenues have grown by an average of 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly revenue collected by the state of Georgia from its tax on the sales of motor fuels such as gasoline and diesel.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending, transportation activity, and the fiscal health of the Georgia state government.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on tax remittance reports from the Georgia Department of Revenue.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess the economic conditions and budgetary outlook for the state of Georgia.
Q: Are there update delays or limitations?
A: The data is typically published with a 2-3 month 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 Georgia (QTAXT13QTAXCAT3GANO), retrieved from FRED.