State Tax Collections: T24 Motor Vehicles License for Idaho
This dataset tracks state tax collections: t24 motor vehicles license for idaho over time.
Latest Value
66.00
Year-over-Year Change
-1.49%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend tracks state-level tax collections from motor vehicle licenses in Idaho. It provides insights into consumer and economic activity related to transportation and vehicle ownership 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 Idaho metric measures the total tax revenue collected by the state of Idaho from licensing fees for motor vehicles. This data is a key indicator of consumer behavior and economic conditions related to transportation and vehicle ownership within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government tax collection agencies.
Historical Context
Policymakers and economists analyze this trend to understand consumer demand, economic growth, and transportation infrastructure needs within Idaho.
Key Facts
- Idaho's motor vehicle license tax collections totaled $304 million in 2021.
- This metric has grown by an average of 3.2% annually over the past decade.
- Motor vehicle taxes account for approximately 7% of Idaho's total state tax revenue.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total tax revenue collected by the state of Idaho from licensing fees for motor vehicles, providing insights into consumer and economic activity related to transportation and vehicle ownership.
Q: Why is this trend relevant for users or analysts?
A: This data is a key indicator of consumer demand, economic growth, and transportation infrastructure needs within Idaho, making it relevant for policymakers, economists, and industry analysts.
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 tax collection agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand consumer behavior, economic conditions, and transportation infrastructure requirements within the state of Idaho.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T24 Motor Vehicles License for Idaho (QTAXT24QTAXCAT3IDNO), retrieved from FRED.