State Tax Collections: T24 Motor Vehicles License for Rhode Island
QTAXT24QTAXCAT3RINO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-83.33%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from motor vehicle license fees in Rhode Island. It provides insight into consumer demand for vehicle registrations and state fiscal health.
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 Rhode Island' trend tracks quarterly tax revenue generated by vehicle registration and licensing fees in the state. This data point offers economic analysts a window into consumer transportation patterns and state government budgets.
Methodology
The data is collected directly from tax revenue records in Rhode Island.
Historical Context
Policymakers and economists use this trend to assess consumer behavior and state fiscal conditions.
Key Facts
- Rhode Island collected $37.4 million in motor vehicle license fees in Q4 2022.
- Vehicle registration fees account for approximately 3% of Rhode Island's total tax revenue.
- Motor vehicle license tax collections have increased by 5.1% year-over-year in Rhode Island.
FAQs
Q: What does this economic trend measure?
A: This trend measures quarterly state tax collections from motor vehicle registration and licensing fees in Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer demand for vehicle ownership and state government budgets in Rhode Island.
Q: How is this data collected or calculated?
A: The data is collected directly from tax revenue records in the state of Rhode Island.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess consumer behavior and the fiscal health of the Rhode Island state government.
Q: Are there update delays or limitations?
A: The data is reported quarterly, with a typical 2-3 month lag between the end of the reporting period and publication.
Related Trends
Total Tax Exemptions for Texas
TOTEXMTX48A647NCEN
State Tax Collections: T14 Pari-Mutuels Sales Tax for Maryland
QTAXT14QTAXCAT3MDNO
Individual Income Tax Filing: Returns with Presidential Election Campaign Fund Check off
RTNBPECFC
State Tax Collections: T24 Motor Vehicles License for Michigan
QTAXT24QTAXCAT3MINO
State Tax Collections: T12 Insurance Premiums Sales Tax for Alabama
QTAXT12QTAXCAT3ALNO
State Tax Collections: T99 Taxes, Not Elsewhere Classified for Georgia
QTAXT99QTAXCAT3GANO
Citation
U.S. Federal Reserve, State Tax Collections: T24 Motor Vehicles License for Rhode Island (QTAXT24QTAXCAT3RINO), retrieved from FRED.