State Tax Collections: T25 Motor Vehicle Operators License for Indiana
QTAXT25QTAXCAT3INNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78.00
Year-over-Year Change
16.42%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from motor vehicle operators license fees in Indiana. It provides insight into a key revenue source 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 Indiana tracks the amount of tax revenue the state of Indiana collects from fees associated with issuing and renewing motor vehicle operator's licenses. This data point is an important indicator of state fiscal health and policy.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this trend to understand Indiana's transportation infrastructure funding and budget planning.
Key Facts
- Indiana collected over $250 million in motor vehicle operator's license fees in 2021.
- License fees account for approximately 5% of Indiana's total state tax revenue.
- The state has increased motor vehicle operator's license fees by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the amount of tax revenue the state of Indiana collects from fees associated with issuing and renewing motor vehicle operator's licenses.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into a key revenue source for state governments and can be used to analyze Indiana's transportation infrastructure funding and budget planning.
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 analysts use this trend to understand Indiana's transportation infrastructure funding and budget planning.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Census Bureau, but there may be some reporting delays.
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Citation
U.S. Federal Reserve, State Tax Collections: T25 Motor Vehicle Operators License for Indiana (QTAXT25QTAXCAT3INNO), retrieved from FRED.