State Tax Collections: T24 Motor Vehicles License for Tennessee
QTAXT24QTAXCAT3TNNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.00
Year-over-Year Change
10.31%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend tracks quarterly tax collections from motor vehicle licenses in Tennessee. It provides insight into consumer and business activity 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 Tennessee metric measures the total revenue generated from taxes on motor vehicle registrations and licenses within the state. This data point is closely watched by economists and policymakers to assess economic conditions and consumer spending trends.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
This metric helps inform policy decisions related to transportation infrastructure, tax policy, and economic development.
Key Facts
- Tennessee collects over $600 million annually in motor vehicle license taxes.
- License tax revenues have grown by 15% over the past 5 years.
- Taxes on cars and trucks account for the largest share of Tennessee's state tax collections.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total quarterly tax revenue collected by the state of Tennessee from motor vehicle registrations and licenses.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer spending, transportation activity, and broader economic conditions within Tennessee.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to inform decisions related to transportation infrastructure, tax policy, and economic development in Tennessee.
Q: Are there update delays or limitations?
A: This data is released quarterly, with a lag of approximately 3 months from the end of the reporting period.
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Citation
U.S. Federal Reserve, State Tax Collections: T24 Motor Vehicles License for Tennessee (QTAXT24QTAXCAT3TNNO), retrieved from FRED.