State Tax Collections: T24 Motor Vehicles License for Wisconsin
QTAXT24QTAXCAT3WINO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
160.00
Year-over-Year Change
-3.03%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures Wisconsin's state tax collections from motor vehicles license fees. It provides insight into consumer spending and state government 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 Wisconsin tracks the total amount of state tax revenue generated from motor vehicle licensing and registration fees in the state of Wisconsin. This metric is an important indicator of both consumer behavior and state government fiscal health.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and economists monitor this trend to understand trends in consumer spending and state government budgets.
Key Facts
- Wisconsin collects over $300 million annually in motor vehicle license fees.
- Motor vehicle license fees account for approximately 5% of Wisconsin's total state tax revenue.
- License fee collections tend to rise and fall with consumer spending on new and used vehicle purchases.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of state tax revenue collected by Wisconsin from motor vehicle licensing and registration fees.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending on vehicles as well as the fiscal health of the Wisconsin state government.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to understand trends in consumer spending and state government budgets.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Tax Collections: T24 Motor Vehicles License for Wisconsin (QTAXT24QTAXCAT3WINO), retrieved from FRED.