State Government Tax Collections, Motor Fuels - Selective Sales Taxes in Alabama
ALFUELTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
997,040.00
Year-over-Year Change
84.13%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state-level motor fuels selective sales tax collections in Alabama. It provides insights into consumer fuel demand and state tax revenue generation.
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 Fuels - Selective Sales Taxes in Alabama series tracks monthly collections of state taxes levied on the sale of motor fuels, such as gasoline and diesel. This data is used by economists and policymakers to assess the strength of consumer demand and monitor a key source of state tax revenue.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax authorities.
Historical Context
Trends in motor fuel tax collections offer insights into consumer spending, transportation activity, and state fiscal conditions.
Key Facts
- Alabama levies a 16-cent per gallon tax on gasoline and diesel fuel sales.
- Motor fuel taxes account for over 10% of Alabama's total state tax collections.
- Fuel tax revenue supports state transportation infrastructure and maintenance.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly collections of state-level selective sales taxes on motor fuels, such as gasoline and diesel, in Alabama.
Q: Why is this trend relevant for users or analysts?
A: Trends in motor fuel tax collections provide insights into consumer demand, transportation activity, and a key source of state tax revenue in Alabama.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Alabama state government tax authorities.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to assess the strength of consumer spending, transportation demand, and the fiscal health of the state government in Alabama.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 month lag from the reference period.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Fuels - Selective Sales Taxes in Alabama (ALFUELTAX), retrieved from FRED.