State Tax Collections: T25 Motor Vehicle Operators License for Maryland
QTAXT25QTAXCAT3MDNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures Maryland's state tax collections from motor vehicle operators license fees. It provides insight into consumer and business activity levels in the state.
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 Maryland data series tracks the monthly revenue the state collects from fees related to issuing, renewing, and administering driver's licenses and other vehicle operator credentials.
Methodology
The data is collected directly from Maryland state tax revenue reporting.
Historical Context
This metric is used by economists and policymakers to gauge consumer spending and business conditions in the state.
Key Facts
- Maryland collects over $250 million annually from motor vehicle operator license fees.
- Fees account for roughly 5% of the state's total tax revenue.
- License fees have grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the monthly tax revenue the state of Maryland collects from fees related to issuing, renewing, and administering driver's licenses and other vehicle operator credentials.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer and business activity levels in Maryland, as motor vehicle operator license fees are tied to consumer spending and commercial transportation.
Q: How is this data collected or calculated?
A: The data is collected directly from Maryland state tax revenue reporting.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to gauge consumer spending, business conditions, and transportation activity in the state of Maryland.
Q: Are there update delays or limitations?
A: The data is reported monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, State Tax Collections: T25 Motor Vehicle Operators License for Maryland (QTAXT25QTAXCAT3MDNO), retrieved from FRED.