State Tax Collections: T13 Motor Fuels Sales Tax for Kansas
QTAXT13QTAXCAT3KSNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.00
Year-over-Year Change
-2.75%
Date Range
1/1/1994 - 1/1/2025
Summary
The State Tax Collections: T13 Motor Fuels Sales Tax for Kansas measures the sales tax revenue collected on motor fuel purchases in the state of Kansas. This metric is important for economists and policymakers to understand trends in consumer spending and state tax revenues.
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 tracks the quarterly sales tax revenue collected by the state of Kansas on the sale of motor fuels, such as gasoline and diesel. It provides insight into consumer behavior and state government finances, as motor fuel sales tax is a significant source of tax revenue for many states.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Historical Context
Policymakers use this data to forecast state budgets and adjust tax policies related to motor fuel consumption.
Key Facts
- Kansas collected $301 million in motor fuels sales tax revenue in 2021.
- Motor fuels sales tax accounts for approximately 10% of Kansas' total tax revenue.
- Gasoline and diesel sales make up the majority of Kansas' motor fuels sales tax base.
FAQs
Q: What does this economic trend measure?
A: The State Tax Collections: T13 Motor Fuels Sales Tax for Kansas measures the sales tax revenue collected by the state of Kansas on the sale of motor fuels, such as gasoline and diesel.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending and state government finances, as motor fuel sales tax is a significant source of tax revenue for many states.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Q: How is this trend used in economic policy?
A: Policymakers use this data to forecast state budgets and adjust tax policies related to motor fuel consumption.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical 3-month delay.
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Citation
U.S. Federal Reserve, State Tax Collections: T13 Motor Fuels Sales Tax for Kansas (QTAXT13QTAXCAT3KSNO), retrieved from FRED.