National Totals of State and Local Tax Revenue: T24t25 Motor Vehicles License and Motor Vehicle Operators License for the United States
This dataset tracks national totals of state and local tax revenue: t24t25 motor vehicles license and motor vehicle operators license for the united states over time.
Latest Value
5940.00
Year-over-Year Change
8.61%
Date Range
1/1/1992 - 10/1/2010
Summary
This economic trend measures state and local tax revenue from motor vehicle licenses and operators licenses in the United States. It provides insights into consumer and government activity related to transportation and vehicle usage.
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 National Totals of State and Local Tax Revenue: T24t25 Motor Vehicles License and Motor Vehicle Operators License for the United States tracks the total revenue collected by state and local governments from taxes on motor vehicle licenses and operators licenses. This data is used by economists and policymakers to analyze trends in transportation, consumer behavior, and government fiscal conditions.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding policies and markets related to vehicle usage and transportation infrastructure.
Key Facts
- Motor vehicle-related taxes account for over $50 billion in annual state and local revenue.
- Transportation taxes make up about 5% of total state and local tax collections.
- Vehicle license fees have increased by over 30% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total state and local tax revenue collected from motor vehicle licenses and motor vehicle operators licenses in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer behavior, transportation usage, and government fiscal conditions related to vehicle-related taxes and fees.
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 data to analyze transportation-related policies, infrastructure funding, and the overall fiscal health of state and local governments.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag, and may not fully capture all state and local tax collections.
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Citation
U.S. Federal Reserve, National Totals of State and Local Tax Revenue: T24t25 Motor Vehicles License and Motor Vehicle Operators License for the United States (QTAXT24T25QTAXCAT1USNO), retrieved from FRED.