State Tax Collections: T13 Motor Fuels Sales Tax for Hawaii
QTAXT13QTAXCAT3HINO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.00
Year-over-Year Change
-5.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from the motor fuels sales tax in Hawaii. It provides insights into fuel consumption and consumer behavior 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 Hawaii tracks the total revenue collected by the state government from the tax on the sale of motor fuels such as gasoline and diesel. This data point is a key indicator of economic activity and consumer spending related to transportation and energy usage in Hawaii.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government tax authorities.
Historical Context
Policymakers and analysts use this trend to assess the health of Hawaii's transportation sector and make informed decisions about infrastructure, energy, and tax policies.
Key Facts
- Hawaii's motor fuels sales tax revenue totaled $84 million in 2021.
- The tax rate on motor fuels in Hawaii is currently $0.16 per gallon.
- Transportation accounts for over 30% of Hawaii's total energy consumption.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state of Hawaii from the sales tax on motor fuels such as gasoline and diesel.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into fuel consumption and consumer behavior in Hawaii, which are important indicators of the state's economic activity and transportation sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state government tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of Hawaii's transportation sector and make informed decisions about infrastructure, energy, and tax policies.
Q: Are there update delays or limitations?
A: The data is reported quarterly, with a typical delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, State Tax Collections: T13 Motor Fuels Sales Tax for Hawaii (QTAXT13QTAXCAT3HINO), retrieved from FRED.