State Tax Collections: T24 Motor Vehicles License for Washington
This dataset tracks state tax collections: t24 motor vehicles license for washington over time.
Latest Value
192.00
Year-over-Year Change
-6.80%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures the state tax collections from motor vehicle license fees in Washington. It provides insight into transportation-related tax revenue and consumer activity.
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 Washington tracks the quarterly tax revenue generated from fees and taxes on motor vehicle registration and licensing in the state of Washington. This metric is used by economists and policymakers to analyze transportation funding and consumer behavior.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Historical Context
This trend is relevant for understanding transportation infrastructure funding and consumer demand for vehicles in Washington.
Key Facts
- Washington state collects over $1 billion annually in motor vehicle license fees.
- Motor vehicle license tax revenue accounts for around 10% of total state tax collections in Washington.
- Tax collections from motor vehicle licenses have grown by 20% in Washington over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly state tax revenue generated from motor vehicle registration and licensing fees in Washington.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into transportation funding and consumer demand for vehicles in Washington, which is useful for economists, policymakers, and transportation planners.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax agencies.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and transportation agencies to analyze funding for infrastructure and plan for future transportation needs in Washington.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Census Bureau, so there may be a 1-2 quarter delay in the most recent figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T24 Motor Vehicles License for Washington (QTAXT24QTAXCAT3WANO), retrieved from FRED.