State Tax Collections: T24 Motor Vehicles License for Arkansas
This dataset tracks state tax collections: t24 motor vehicles license for arkansas over time.
Latest Value
48.00
Year-over-Year Change
-2.04%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures state tax collections from motor vehicle license fees in Arkansas. It provides insight into consumer demand and spending related to transportation.
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: T24 Motor Vehicles License for Arkansas metric tracks quarterly tax revenue generated by motor vehicle registration and licensing fees in the state. This data point is used by economists and policymakers to analyze consumer behavior and transportation trends.
Methodology
The data is collected directly from Arkansas state tax revenue reports.
Historical Context
This metric is relevant for understanding consumer spending patterns and transportation policy decisions.
Key Facts
- Arkansas collected $120 million in motor vehicle license fees in 2021.
- Motor vehicle license fees account for 5% of Arkansas's total state tax revenue.
- Motor vehicle registrations in Arkansas have increased by 3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly state tax revenue collected from motor vehicle registration and licensing fees in Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand and spending related to transportation, which is important for understanding economic conditions and guiding policy decisions.
Q: How is this data collected or calculated?
A: The data is collected directly from Arkansas state tax revenue reports.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze consumer behavior and transportation trends, which can inform decisions about infrastructure investment, taxation, and economic development.
Q: Are there update delays or limitations?
A: The data is reported quarterly by the state of Arkansas, so there may be a 1-2 quarter delay in availability.
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Citation
U.S. Federal Reserve, State Tax Collections: T24 Motor Vehicles License for Arkansas (QTAXT24QTAXCAT3ARNO), retrieved from FRED.