State Tax Collections: T13 Motor Fuels Sales Tax for New York
QTAXT13QTAXCAT3NYNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
352.00
Year-over-Year Change
-2.22%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic indicator tracks state tax collections from motor fuels sales tax in New York. It provides insight into fuel consumption patterns and revenue sources for state governments.
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 New York series measures the revenue collected by the state government of New York from taxes levied on the sale of motor fuels. This data is used by policymakers and analysts to monitor energy demand, consumer spending, and state fiscal conditions.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue survey.
Historical Context
This trend is closely watched by transportation planners, energy economists, and state budget officials to understand fuel usage and tax revenue trends.
Key Facts
- New York collected over $1 billion in motor fuels sales tax revenue in 2021.
- Motor fuels taxes account for about 10% of New York's total state tax revenue.
- Gasoline and diesel fuel sales are the primary sources of motor fuels tax collections.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected by the state government of New York from taxes levied on the sale of motor fuels such as gasoline and diesel.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into fuel consumption patterns and an important revenue source for state governments, making it useful for policymakers, transportation planners, and energy economists.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue survey.
Q: How is this trend used in economic policy?
A: This trend is closely watched by state budget officials and transportation planners to understand fuel usage and tax revenue trends, which informs infrastructure investment and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, so there may be a delay of several months before the most recent figures are available.
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Citation
U.S. Federal Reserve, State Tax Collections: T13 Motor Fuels Sales Tax for New York (QTAXT13QTAXCAT3NYNO), retrieved from FRED.