State Tax Collections: T25 Motor Vehicle Operators License for North Carolina
QTAXT25QTAXCAT3NCNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.00
Year-over-Year Change
50.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax revenue from motor vehicle operator's license fees in North Carolina. It is an important indicator of economic activity and government finances 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 North Carolina metric tracks the total tax revenue collected by the state government from fees associated with issuing and renewing motor vehicle operator's licenses. This provides insight into consumer spending patterns and overall economic conditions in the state.
Methodology
The data is collected directly from state government tax revenue records.
Historical Context
Policymakers and economists analyze this metric to understand state fiscal health and the broader economic environment.
Key Facts
- North Carolina collects over $200 million annually in motor vehicle operator's license fees.
- This revenue accounts for approximately 2% of the state's total tax collections.
- License fees have grown steadily over the past decade in line with population and economic growth.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total tax revenue collected by the state government of North Carolina 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 provides insight into consumer spending patterns, transportation usage, and overall economic conditions in the state of North Carolina.
Q: How is this data collected or calculated?
A: The data is collected directly from state government tax revenue records.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this metric to understand state fiscal health and the broader economic environment in North Carolina.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insights into the state's economic conditions.
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Citation
U.S. Federal Reserve, State Tax Collections: T25 Motor Vehicle Operators License for North Carolina (QTAXT25QTAXCAT3NCNO), retrieved from FRED.