State Tax Collections: T24 Motor Vehicles License for Georgia
QTAXT24QTAXCAT3GANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.00
Year-over-Year Change
1.77%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from motor vehicle license fees in Georgia. It is an important indicator of consumer and business activity 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 Georgia metric tracks the total tax revenue generated from licensing fees for motor vehicles in the state of Georgia. This data provides insights into economic conditions and consumer spending patterns.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess the health of Georgia's economy and transportation sector.
Key Facts
- Georgia collected over $1 billion in motor vehicle license fees in 2021.
- License fees account for around 10% of Georgia's total state tax revenue.
- Vehicle registrations in Georgia have grown by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state of Georgia from motor vehicle licensing fees.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer and business activity in Georgia's transportation sector, which is an important part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of Georgia's economy and make informed decisions about transportation infrastructure and taxation.
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 reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Tax Collections: T24 Motor Vehicles License for Georgia (QTAXT24QTAXCAT3GANO), retrieved from FRED.