State Tax Collections: T24 Motor Vehicles License for Indiana
QTAXT24QTAXCAT3INNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.00
Year-over-Year Change
5.75%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from motor vehicle license fees in Indiana. It is an important indicator of consumer demand and transportation activity within 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 Indiana series tracks tax revenue generated from motor vehicle registrations and driver's license fees in the state of Indiana. This data provides insight into consumer spending and transportation trends that are relevant for policymakers and economic analysts.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Historical Context
This trend is used to assess the health of Indiana's transportation sector and consumer spending patterns.
Key Facts
- Indiana collected over $300 million in motor vehicle license fees in 2021.
- Fees account for approximately 5% of Indiana's total state tax revenue.
- Motor vehicle license fees have grown by 8% in Indiana over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures state tax collections from motor vehicle registration and driver's license fees in Indiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer spending and transportation activity in Indiana, which is important for understanding the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Indiana state government tax agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health of Indiana's transportation sector and consumer spending patterns.
Q: Are there update delays or limitations?
A: There may be lags of several months in the data reporting due to the time required for state agencies to compile and publish the information.
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Citation
U.S. Federal Reserve, State Tax Collections: T24 Motor Vehicles License for Indiana (QTAXT24QTAXCAT3INNO), retrieved from FRED.