State Tax Collections: T24 Motor Vehicles License for California
QTAXT24QTAXCAT3CANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,257.00
Year-over-Year Change
19.93%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures the quarterly state tax collections from motor vehicle licenses in California. It provides insight into consumer spending on transportation and is an important indicator for state fiscal policy.
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 California series tracks the revenue generated by the state of California from motor vehicle registration and licensing fees. This data is used by economists and policymakers to analyze consumer behavior, transportation trends, and state budgetary conditions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government agencies.
Historical Context
Fluctuations in motor vehicle license tax collections can signal changes in consumer spending and transportation activity, which are relevant for fiscal, monetary, and transportation policy.
Key Facts
- California collects the most motor vehicle license tax revenue of any U.S. state.
- Motor vehicle license tax revenues declined during the 2008-2009 recession.
- Annual motor vehicle license tax collections in California exceed $5 billion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly state tax collections from motor vehicle registrations and licenses in California.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer spending on transportation and is an important indicator for state fiscal policy and budgetary conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government agencies.
Q: How is this trend used in economic policy?
A: Fluctuations in motor vehicle license tax collections can signal changes in consumer spending and transportation activity, which are relevant for fiscal, monetary, and transportation policy.
Q: Are there update delays or limitations?
A: There may be some delays in the data due to the time required for state governments to report their tax collection figures to the Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T24 Motor Vehicles License for California (QTAXT24QTAXCAT3CANO), retrieved from FRED.