State Tax Collections: T24 Motor Vehicles License for Montana
QTAXT24QTAXCAT3MTNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56.00
Year-over-Year Change
12.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend tracks state tax collections from motor vehicle license fees in Montana. It provides insight into a key revenue source for state budgets and infrastructure funding.
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 Montana data series measures the total tax revenue collected by the state of Montana from motor vehicle license fees. This metric is important for understanding state fiscal conditions and the availability of funds for transportation projects and other public services.
Methodology
The data is collected and published by the U.S. Census Bureau through surveys of state government tax revenue sources.
Historical Context
Policymakers use this trend to forecast state budget revenues and plan infrastructure investments.
Key Facts
- Montana collected $148 million in motor vehicle license fees in 2021.
- Motor vehicle license fees account for 7% of Montana's total state tax revenue.
- Transportation funding is a major use of Montana's motor vehicle license tax collections.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state of Montana from motor vehicle license fees.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into a key revenue source for state budgets and infrastructure funding in Montana.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau through surveys of state government tax revenue sources.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to forecast state budget revenues and plan infrastructure investments in Montana.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag.
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Citation
U.S. Census Bureau, State Tax Collections: T24 Motor Vehicles License for Montana (QTAXT24QTAXCAT3MTNO), retrieved from FRED.