State Tax Collections: T25 Motor Vehicle Operators License for District of Columbia
This dataset tracks state tax collections: t25 motor vehicle operators license for district of columbia over time.
Latest Value
2.00
Year-over-Year Change
100.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures the tax revenue collected by the District of Columbia from motor vehicle operator's license fees. It provides insight into consumer behavior and government finances in the region.
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 District of Columbia data series tracks the total amount of tax revenue generated by the District of Columbia government through fees and charges related to issuing motor vehicle operator's licenses. This metric is used by economists and policymakers to analyze consumer spending patterns and government fiscal health.
Methodology
The data is collected directly from administrative records of the District of Columbia government.
Historical Context
This trend is relevant for understanding the broader state and local tax environment, as well as consumer and driver behavior in the District of Columbia.
Key Facts
- The District of Columbia collects over $30 million annually in motor vehicle operator's license fees.
- License fees account for approximately 1.5% of the District's total tax revenue.
- Revenues from this source have remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the District of Columbia government from fees and charges related to issuing motor vehicle operator's licenses.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer behavior and spending patterns in the District of Columbia, as well as the fiscal health of the local government.
Q: How is this data collected or calculated?
A: The data is collected directly from administrative records of the District of Columbia government.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze consumer spending, transportation trends, and government finances in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to periodic revisions by the District of Columbia government.
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Citation
U.S. Federal Reserve, State Tax Collections: T25 Motor Vehicle Operators License for District of Columbia (QTAXT25QTAXCAT3DCNO), retrieved from FRED.