State Tax Collections: T13 Motor Fuels Sales Tax for Massachusetts
QTAXT13QTAXCAT3MANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
166.00
Year-over-Year Change
-1.19%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T13 Motor Fuels Sales Tax for Massachusetts' trend measures the monthly motor fuels sales tax collections in the state of Massachusetts. This data provides insights into consumer demand 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 total sales tax revenue generated from the taxation of motor fuels, such as gasoline and diesel, in the state of Massachusetts. It is an important economic indicator for analyzing consumer behavior, transportation patterns, and state fiscal conditions.
Methodology
The data is collected and reported monthly by the Massachusetts Department of Revenue.
Historical Context
This trend is widely used by economists, policymakers, and transportation analysts to assess economic activity and inform state fiscal and transportation policies.
Key Facts
- Massachusetts collected over $800 million in motor fuels sales tax in 2022.
- Motor fuels sales tax accounts for approximately 10% of total state tax revenue in Massachusetts.
- The motor fuels sales tax rate in Massachusetts is currently $0.24 per gallon.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly sales tax revenue collected by the state of Massachusetts on the sale 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 demand for transportation, state tax revenues, and the overall economic conditions in Massachusetts.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the Massachusetts Department of Revenue.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess transportation patterns, fuel consumption, and state fiscal conditions, which can inform transportation and tax policies.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month lag and may be subject to revisions by the Massachusetts Department of Revenue.
Related Trends
State Tax Collections: T51 Documentary and Stock Transfer Taxes for Michigan
QTAXT51QTAXCAT3MINO
U.S Individual Income Tax: Tax Rates for Regular Tax: Highest Bracket
IITTRHB
State Tax Collections: T53 Severance Taxes for Idaho
QTAXT53QTAXCAT3IDNO
State Tax Collections: T16 Tobacco Products Sales Tax for Michigan
QTAXT16QTAXCAT3MINO
State Tax Collections: T24 Motor Vehicles License for Texas
QTAXT24QTAXCAT3TXNO
Individual Income Tax Filing: Earned Income Credit
ENINCCTA
Citation
U.S. Federal Reserve, State Tax Collections: T13 Motor Fuels Sales Tax for Massachusetts (QTAXT13QTAXCAT3MANO), retrieved from FRED.