State Tax Collections: T13 Motor Fuels Sales Tax for West Virginia
QTAXT13QTAXCAT3WVNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.00
Year-over-Year Change
-4.04%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures the total sales tax revenue collected by the state of West Virginia on motor fuel purchases. It is an important indicator for policymakers and economists to understand the state's transportation-related tax base and revenue streams.
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 West Virginia tracks the monthly sales tax revenue the state collects on gasoline, diesel, and other motor fuel purchases. This data provides insight into consumer behavior, transportation infrastructure funding, and the overall economic activity within the state.
Methodology
The data is collected and reported by the West Virginia State Tax Department.
Historical Context
This metric is used by state officials, transportation agencies, and economic analysts to monitor fuel consumption patterns and assess the impact on tax revenues.
Key Facts
- West Virginia's motor fuels sales tax accounts for over 20% of the state's total tax revenue.
- Revenues from this tax help fund the state's highway maintenance and infrastructure projects.
- Fluctuations in this metric can indicate changes in consumer driving behavior and fuel prices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total sales tax revenue collected by the state of West Virginia on the purchase of motor fuels, including gasoline and diesel.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer driving patterns, transportation infrastructure funding, and the overall economic activity within the state of West Virginia.
Q: How is this data collected or calculated?
A: The data is collected and reported by the West Virginia State Tax Department.
Q: How is this trend used in economic policy?
A: State officials, transportation agencies, and economic analysts use this metric to monitor fuel consumption and assess the impact on tax revenues, which helps inform transportation infrastructure planning and budgeting decisions.
Q: Are there update delays or limitations?
A: The data is reported monthly, with a typical 2-3 month delay between the end of the reporting period and the public release of the information.
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Citation
U.S. Federal Reserve, State Tax Collections: T13 Motor Fuels Sales Tax for West Virginia (QTAXT13QTAXCAT3WVNO), retrieved from FRED.