State Tax Collections: T25 Motor Vehicle Operators License for North Dakota
QTAXT25QTAXCAT3NDNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures North Dakota's state tax collections from motor vehicle operators license fees. It is an important indicator of transportation-related economic activity and revenue for state policymakers.
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 Dakota series tracks the total tax revenue the state collects from issuing and renewing motor vehicle operator's licenses. This provides insight into transportation and mobility trends within the state economy.
Methodology
The data is collected directly from North Dakota's state tax administration records.
Historical Context
Policymakers and transportation planners use this metric to forecast state budgets and infrastructure needs.
Key Facts
- North Dakota collects over $15 million annually from motor vehicle operator's license fees.
- License fees account for approximately 2% of North Dakota's total state tax revenue.
- Motor vehicle operator's license revenue has grown by 25% in North Dakota over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total state tax revenue collected by North Dakota from issuing and renewing motor vehicle operator's licenses.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into transportation and mobility trends within the North Dakota economy, which is useful for policymakers and transportation planners.
Q: How is this data collected or calculated?
A: The data is collected directly from North Dakota's state tax administration records.
Q: How is this trend used in economic policy?
A: Policymakers and transportation planners use this metric to forecast state budgets and infrastructure needs.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insights into North Dakota's transportation-related tax collections.
Related Trends
State Tax Collections: T14 Pari-Mutuels Sales Tax for Indiana
QTAXT14QTAXCAT3INNO
State Tax Collections: T99 Taxes, Not Elsewhere Classified for New Mexico
QTAXT99QTAXCAT3NMNO
State Tax Collections: T01 Property Taxes for Michigan
QTAXT01QTAXCAT3MINO
State Tax Collections: T51 Documentary and Stock Transfer Taxes for Oregon
QTAXT51QTAXCAT3ORNO
State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for Illinois
QTAXT19QTAXCAT3ILNO
Poverty Tax Exemptions for Florida
PEXMFL12A647NCEN
Citation
U.S. Federal Reserve, State Tax Collections: T25 Motor Vehicle Operators License for North Dakota (QTAXT25QTAXCAT3NDNO), retrieved from FRED.