National Totals of State Tax Revenue: T24t25 Motor Vehicles License and Motor Vehicle Operators License for the United States
This dataset tracks national totals of state tax revenue: t24t25 motor vehicles license and motor vehicle operators license for the united states over time.
Latest Value
9520.00
Year-over-Year Change
12.09%
Date Range
1/1/1992 - 1/1/2025
Summary
This economic trend measures state-level revenue from motor vehicle license fees and motor vehicle operator license fees in the United States. It provides valuable insights into consumer behaviors and government finances.
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 Tax Revenue: T24t25 Motor Vehicles License and Motor Vehicle Operators License for the United States tracks the combined revenue from two specific tax categories collected by state governments: motor vehicle licenses and motor vehicle operator licenses. This data offers important context on transportation patterns, state budgets, and economic activity.
Methodology
The data is collected and aggregated by the U.S. Census Bureau from state-level tax revenue reports.
Historical Context
Policymakers and economists use this trend to monitor consumer demand, transportation infrastructure needs, and state fiscal health.
Key Facts
- Motor vehicle-related fees account for over $50 billion in state tax revenue annually.
- Vehicle registrations and driver's licenses are a significant revenue source for many state governments.
- Trends in this data often correlate with broader economic conditions and consumer spending patterns.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the combined state-level revenue from motor vehicle licenses and motor vehicle operator licenses across the United States.
Q: Why is this trend relevant for users or analysts?
A: This data offers insights into consumer transportation patterns, state fiscal health, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and aggregated by the U.S. Census Bureau from state-level tax revenue reports.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to monitor consumer demand, infrastructure needs, and state budget conditions.
Q: Are there update delays or limitations?
A: The data is typically published with a delay of several months by the Census Bureau.
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Citation
U.S. Federal Reserve, National Totals of State Tax Revenue: T24t25 Motor Vehicles License and Motor Vehicle Operators License for the United States (QTAXT24T25QTAXCAT2USNO), retrieved from FRED.