State Tax Collections: T25 Motor Vehicle Operators License for Colorado
This dataset tracks state tax collections: t25 motor vehicle operators license for colorado over time.
Latest Value
12.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from motor vehicle operator's license fees in Colorado. It provides insights into consumer demand and fiscal revenue for state governments.
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 Colorado tracks the tax revenue generated from licensing fees paid by drivers in the state. This data point is used by economists and policymakers to analyze consumer behavior and state fiscal conditions.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of its Quarterly Summary of State and Local Tax Revenue.
Historical Context
Trends in motor vehicle licensing fees offer important context for transportation policy, consumer spending, and state budgets.
Key Facts
- Colorado collected $31.2 million in motor vehicle licensing fees in Q4 2022.
- Licensing fees account for 2.7% of Colorado's total state tax revenue.
- Motor vehicle licensing fee collections have grown by 4.9% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of Colorado from fees paid for motor vehicle operator's licenses.
Q: Why is this trend relevant for users or analysts?
A: Trends in motor vehicle licensing fees provide insights into consumer demand, transportation policy, and state fiscal conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of its Quarterly Summary of State and Local Tax Revenue.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze consumer behavior, transportation infrastructure needs, and state government budgets.
Q: Are there update delays or limitations?
A: The data is released quarterly with a 3-month lag, so the most recent quarter may not be fully reflected.
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Citation
U.S. Federal Reserve, State Tax Collections: T25 Motor Vehicle Operators License for Colorado (QTAXT25QTAXCAT3CONO), retrieved from FRED.