State Tax Collections: T24 Motor Vehicles License for West Virginia
QTAXT24QTAXCAT3WVNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures West Virginia's state tax collections from motor vehicle license fees. It provides insight into consumer behavior and state revenue generation.
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 West Virginia' series tracks the quarterly tax revenue the state of West Virginia collects from motor vehicle registration and licensing fees. This metric is an important indicator of consumer activity and state fiscal health.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this trend to understand consumer spending patterns and assess West Virginia's fiscal position.
Key Facts
- West Virginia collected $58.7 million in motor vehicle license fees in Q4 2022.
- This represents a 2.4% decrease from the previous quarter.
- Motor vehicle license fees account for 4.2% of West Virginia's total state tax revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly tax revenue collected by the state of West Virginia from motor vehicle registration and licensing fees.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending and behavior, as well as West Virginia's fiscal health and revenue generation.
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 use this trend to understand consumer spending patterns and assess West Virginia's fiscal position.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a delay of several months before the most recent information is available.
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Citation
U.S. Federal Reserve, State Tax Collections: T24 Motor Vehicles License for West Virginia (QTAXT24QTAXCAT3WVNO), retrieved from FRED.