State Tax Collections: T24 Motor Vehicles License for Oklahoma
This dataset tracks state tax collections: t24 motor vehicles license for oklahoma over time.
Latest Value
202.00
Year-over-Year Change
0.50%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures the state tax collections from motor vehicles licenses in Oklahoma. It provides insights into consumer spending and government revenue generation.
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 Oklahoma tracks the monthly revenue collected by the Oklahoma state government through taxes and fees on motor vehicle registrations and licenses. This data point is an important indicator of consumer economic activity and government fiscal health.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government finances.
Historical Context
Policymakers and economists use this trend to analyze consumer spending patterns and assess the financial stability of state governments.
Key Facts
- Oklahoma collected over $250 million in motor vehicle license taxes in 2021.
- Motor vehicle license tax revenue accounts for approximately 5% of Oklahoma's total state tax collections.
- Tax collections from motor vehicle licenses have increased by 15% in Oklahoma over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly tax revenue collected by the state of Oklahoma from motor vehicle registrations and licenses.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending patterns and the financial health of the Oklahoma state government.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state and local government finances.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze consumer behavior and assess the fiscal stability of the Oklahoma state government.
Q: Are there update delays or limitations?
A: The data is published with a 3-month lag, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Tax Collections: T24 Motor Vehicles License for Oklahoma (QTAXT24QTAXCAT3OKNO), retrieved from FRED.