State Tax Collections: T24 Motor Vehicles License for Pennsylvania
QTAXT24QTAXCAT3PANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
341.00
Year-over-Year Change
14.81%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend tracks Pennsylvania's state tax collections from motor vehicles license fees, providing insight into consumer activity and transportation-related 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 Pennsylvania metric measures the total tax revenue the state collects from motor vehicle registration and licensing fees. This data point is used by economists and policymakers to analyze trends in transportation usage, consumer spending, and state fiscal health.
Methodology
The U.S. Census Bureau collects this data directly from Pennsylvania state tax authorities.
Historical Context
This trend is a key indicator of transportation-related economic activity and is monitored by transportation agencies, state budget offices, and economic analysts.
Key Facts
- Pennsylvania collects over $1 billion annually in motor vehicle license fees.
- Motor vehicle license fees account for 4-5% of Pennsylvania's total state tax revenue.
- This metric has shown steady growth over the past decade as vehicle registrations have increased.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total tax revenue collected by the state of Pennsylvania from motor vehicle registration and licensing fees.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into transportation usage, consumer spending, and state fiscal health in Pennsylvania.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data directly from Pennsylvania state tax authorities.
Q: How is this trend used in economic policy?
A: This trend is monitored by transportation agencies, state budget offices, and economic analysts to assess transportation-related economic activity.
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. Federal Reserve, State Tax Collections: T24 Motor Vehicles License for Pennsylvania (QTAXT24QTAXCAT3PANO), retrieved from FRED.