State Tax Collections: T13 Motor Fuels Sales Tax for Nebraska
QTAXT13QTAXCAT3NENO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.00
Year-over-Year Change
16.67%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures the total sales tax revenue from motor fuels in the state of Nebraska. It is a key indicator of consumer demand and transportation activity 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 Nebraska tracks the total sales tax revenue generated from the sale of motor fuels like gasoline and diesel within the state. This data provides insight into consumer spending patterns and transportation usage.
Methodology
The data is collected and reported by the U.S. Census Bureau based on tax receipts and filings from the state of Nebraska.
Historical Context
Policymakers and economists use this trend to analyze consumer behavior, transportation sector performance, and the overall economic conditions in Nebraska.
Key Facts
- Nebraska's motor fuels sales tax generated over $500 million in revenue in 2021.
- Motor fuels sales tax accounts for around 10% of Nebraska's total state tax collections.
- Trends in motor fuels sales tax reflect changes in consumer driving patterns and fuel prices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total sales tax revenue generated from the sale of motor fuels like gasoline and diesel within the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer spending patterns, transportation activity, and overall economic conditions in Nebraska.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on tax receipts and filings from the state of Nebraska.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze consumer behavior, transportation sector performance, and the overall economic conditions in Nebraska.
Q: Are there update delays or limitations?
A: The data is reported quarterly, and there may be some delays in availability due to the time required for tax collections and reporting.
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Citation
U.S. Federal Reserve, State Tax Collections: T13 Motor Fuels Sales Tax for Nebraska (QTAXT13QTAXCAT3NENO), retrieved from FRED.