State Tax Collections: T24 Motor Vehicles License for Iowa
QTAXT24QTAXCAT3IANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
218.00
Year-over-Year Change
3.81%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from motor vehicle licenses in Iowa. It is an important indicator of consumer and economic 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 Iowa series tracks tax revenue generated from the registration and licensing of motor vehicles in the state. This metric provides insights into consumer spending, transportation activity, and overall economic conditions.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Tax Revenue program.
Historical Context
Policymakers and analysts use this trend to assess the health of Iowa's transportation sector and broader economic performance.
Key Facts
- Iowa collected $342 million in motor vehicle license taxes in 2021.
- Motor vehicle license taxes account for about 5% of total state tax revenue in Iowa.
- Iowa's motor vehicle license tax rate is $24 per vehicle.
FAQs
Q: What does this economic trend measure?
A: The State Tax Collections: T24 Motor Vehicles License for Iowa series tracks tax revenue generated from the registration and licensing of motor vehicles in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending, transportation activity, and overall economic conditions in Iowa.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Tax Revenue program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of Iowa's transportation sector and broader economic performance.
Q: Are there update delays or limitations?
A: The data is reported quarterly by the Census Bureau with a short delay.
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Citation
U.S. Federal Reserve, State Tax Collections: T24 Motor Vehicles License for Iowa (QTAXT24QTAXCAT3IANO), retrieved from FRED.