State Tax Collections: T25 Motor Vehicle Operators License for Alabama
This dataset tracks state tax collections: t25 motor vehicle operators license for alabama over time.
Latest Value
13.00
Year-over-Year Change
44.44%
Date Range
1/1/1994 - 1/1/2025
Summary
This data series tracks state tax collections from motor vehicle operators license fees in Alabama. It provides insight into revenue streams and consumer behavior related to driver's licenses.
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: T25 Motor Vehicle Operators License for Alabama metric measures the total tax revenue the state of Alabama collects from issuing and renewing motor vehicle operator's licenses. This data helps economists and policymakers understand trends in driver's license ownership and usage.
Methodology
The data is collected directly from Alabama state tax revenue records.
Historical Context
This trend can inform state budgeting and infrastructure planning related to transportation and motor vehicle administration.
Key Facts
- Alabama collects over $100 million annually from motor vehicle operator's license fees.
- License fees account for around 5% of Alabama's total state tax revenue.
- The number of licensed drivers in Alabama has grown by 10% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total tax revenue the state of Alabama collects from issuing and renewing motor vehicle operator's licenses.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer behavior and revenue streams related to driver's licenses, which can inform state budgeting and transportation planning.
Q: How is this data collected or calculated?
A: The data is collected directly from Alabama state tax revenue records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts can use this data to understand trends in driver's license ownership and usage, which can inform state budgeting and infrastructure planning related to transportation and motor vehicle administration.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Federal Reserve, with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, State Tax Collections: T25 Motor Vehicle Operators License for Alabama (QTAXT25QTAXCAT3ALNO), retrieved from FRED.