State Tax Collections: T25 Motor Vehicle Operators License for Minnesota
QTAXT25QTAXCAT3MNNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.00
Year-over-Year Change
38.46%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures the tax collections from motor vehicle operators' licenses in the state of Minnesota. It provides insight into revenue generation from this specific tax category.
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 Minnesota tracks the taxes collected by the state from motor vehicle operators' licenses. This data point is useful for economists and policymakers to analyze revenue sources and trends in Minnesota's state tax system.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding Minnesota's tax policies and revenue composition.
Key Facts
- Minnesota collected $106.7 million in motor vehicle operators license taxes in 2021.
- This tax category accounts for 2.7% of Minnesota's total state tax revenue.
- Tax collections from this source have remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax collections from motor vehicle operators' licenses in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into a specific revenue source for the state of Minnesota, which is useful for economists and policymakers analyzing the state's tax system and fiscal policies.
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: This trend is relevant for understanding Minnesota's tax policies and revenue composition, which can inform economic and fiscal decision-making.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the U.S. Census Bureau, but there may be some delay in availability.
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Citation
U.S. Federal Reserve, State Tax Collections: T25 Motor Vehicle Operators License for Minnesota (QTAXT25QTAXCAT3MNNO), retrieved from FRED.