State Tax Collections: T24 Motor Vehicles License for Florida
This dataset tracks state tax collections: t24 motor vehicles license for florida over time.
Latest Value
500.00
Year-over-Year Change
4.38%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state-level tax collections on motor vehicle licenses in Florida. It provides insights into consumer demand and fiscal conditions in the state.
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 Florida metric tracks the revenue generated by taxes on the registration and licensing of motor vehicles in the state. This data point is used by economists and policymakers to assess consumer behavior, transportation infrastructure needs, and state fiscal health.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government finances.
Historical Context
This trend is relevant for understanding the economic conditions and policy priorities in Florida.
Key Facts
- Florida collects over $1 billion annually in motor vehicle license taxes.
- Motor vehicle license taxes account for around 5% of Florida's total state tax revenue.
- Tax collections on motor vehicle licenses in Florida have grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of Florida on the registration and licensing of motor vehicles.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending on transportation, state fiscal conditions, and infrastructure investment needs in Florida.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state government finances.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to understand consumer behavior, transportation infrastructure needs, and overall fiscal conditions in Florida.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 3-month lag between the reporting period and public release.
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Citation
U.S. Federal Reserve, State Tax Collections: T24 Motor Vehicles License for Florida (QTAXT24QTAXCAT3FLNO), retrieved from FRED.