State Tax Collections: T24 Motor Vehicles License for District of Columbia
QTAXT24QTAXCAT3DCNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
28.57%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures the total state tax collections for motor vehicle licenses in the District of Columbia. It provides insight into consumer behavior and transportation-related economic activity in the region.
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 District of Columbia is a key indicator of transportation and consumer activity within the local economy. It tracks the total revenue generated from state-level taxes and fees on motor vehicle registrations and licenses.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government tax authorities.
Historical Context
Policymakers and analysts use this trend to assess transportation infrastructure needs, consumer spending patterns, and the overall business environment in the District of Columbia.
Key Facts
- The District of Columbia collected over $100 million in motor vehicle license taxes in 2021.
- Motor vehicle license taxes account for approximately 5% of total tax revenue in the District of Columbia.
- The trend has shown steady year-over-year growth since the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total state tax collections from motor vehicle licenses and registrations in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer behavior, transportation activity, and the overall business environment in the District of Columbia.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state and local government tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess transportation infrastructure needs, consumer spending patterns, and the overall business environment in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, State Tax Collections: T24 Motor Vehicles License for District of Columbia (QTAXT24QTAXCAT3DCNO), retrieved from FRED.