State Government Tax Collections, Motor Vehicle Operators Licenses in Utah
UTMVOPERTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,861.00
Year-over-Year Change
112.59%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures tax collections from motor vehicle operator licenses in the state of Utah. It provides insights into transportation revenue and economic activity within 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 Government Tax Collections, Motor Vehicle Operators Licenses in Utah metric tracks the amount of tax revenue generated from licenses for operating motor vehicles in the state. This data is used by policymakers and economists to assess transportation infrastructure funding and the broader economic climate.
Methodology
The data is collected and reported by the Utah State Tax Commission.
Historical Context
This trend is relevant for understanding transportation funding and the overall economic health of Utah.
Key Facts
- Utah collected $94.3 million in motor vehicle operator license taxes in 2021.
- Motor vehicle operator license taxes account for approximately 3% of Utah's state tax revenue.
- Tax collections from this source have grown by 25% over the past decade in Utah.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of Utah from licenses for operating motor vehicles within the state.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into transportation funding and the broader economic activity within Utah, which is valuable for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Utah State Tax Commission.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess transportation infrastructure funding and the overall economic health of Utah.
Q: Are there update delays or limitations?
A: The data is reported on a regular schedule by the Utah State Tax Commission, with minimal delays.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Vehicle Operators Licenses in Utah (UTMVOPERTAX), retrieved from FRED.