State Tax Collections: T25 Motor Vehicle Operators License for Rhode Island
QTAXT25QTAXCAT3RINO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
50.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from motor vehicle operators license fees in Rhode Island. It provides insights into government revenue sources and consumer demand for driver's licenses.
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 Rhode Island metric tracks the tax revenue generated by the state of Rhode Island from fees charged for issuing and renewing motor vehicle operator's licenses. This data point is used by economists and policymakers to analyze consumer behavior and government fiscal conditions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local tax authorities.
Historical Context
This trend offers insights into consumer spending and government budgets that are relevant for economic and policy analysis.
Key Facts
- Rhode Island collected $20.5 million in motor vehicle operator's license fees in 2021.
- License fees account for approximately 1.2% of Rhode Island's total state tax revenue.
- Motor vehicle operator's license tax collections have increased by 8.4% over the past 5 years in Rhode Island.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of Rhode Island from fees charged for issuing and renewing motor vehicle operator's licenses.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer demand for driver's licenses and is an important component of state government budgets and revenue sources.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state and local tax authorities.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this data to understand consumer spending patterns and government fiscal conditions, which informs economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay and may be subject to revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T25 Motor Vehicle Operators License for Rhode Island (QTAXT25QTAXCAT3RINO), retrieved from FRED.