State Tax Collections: T24 Motor Vehicles License for New Hampshire
This dataset tracks state tax collections: t24 motor vehicles license for new hampshire over time.
Latest Value
29.00
Year-over-Year Change
-6.45%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from motor vehicle licenses in New Hampshire. It provides insights into consumer and business activity levels 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 New Hampshire series tracks quarterly tax revenue from motor vehicle licensing fees in the state. This metric serves as an indicator of consumer and commercial vehicle registration activity, which can reflect broader economic conditions.
Methodology
The data is collected directly from state tax authorities and calculated as the total revenue from motor vehicle licensing fees.
Historical Context
Policymakers and analysts use this trend to gauge business and consumer confidence in New Hampshire's economy.
Key Facts
- New Hampshire has no state sales tax.
- Motor vehicle fees account for a significant portion of state tax revenue.
- Tax collections from this source can signal changes in consumer spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures quarterly state tax revenue from motor vehicle licensing fees in New Hampshire.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into consumer and business activity levels in the state, which can signal broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected directly from state tax authorities and calculated as the total revenue from motor vehicle licensing fees.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge business and consumer confidence in New Hampshire's economy.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, State Tax Collections: T24 Motor Vehicles License for New Hampshire (QTAXT24QTAXCAT3NHNO), retrieved from FRED.