State Tax Collections: T24 Motor Vehicles License for Missouri
This dataset tracks state tax collections: t24 motor vehicles license for missouri over time.
Latest Value
85.00
Year-over-Year Change
-3.41%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend tracks state tax collections from motor vehicle license fees in Missouri. It provides insight into consumer behavior and state government revenue.
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 Missouri series measures the amount of tax revenue the state of Missouri collects from fees on motor vehicle registrations and licenses. This metric is an important indicator of consumer activity and state fiscal health.
Methodology
The data is collected directly from state government financial records.
Historical Context
Policymakers and economists use this trend to monitor the Missouri economy and assess the impact of transportation and tax policies.
Key Facts
- Missouri collected over $500 million in motor vehicle license fees in 2021.
- License fees account for about 10% of total state tax revenue in Missouri.
- Motor vehicle registrations in Missouri have increased by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total amount of tax revenue collected by the state of Missouri from motor vehicle registration and licensing fees.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand for motor vehicles and the fiscal health of the state government in Missouri.
Q: How is this data collected or calculated?
A: The data is collected directly from Missouri state government financial records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor the Missouri economy and assess the impact of transportation and tax policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, State Tax Collections: T24 Motor Vehicles License for Missouri (QTAXT24QTAXCAT3MONO), retrieved from FRED.