State Government Tax Collections, Motor Vehicle Licenses in Arkansas
ARMOTOLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
193,333.00
Year-over-Year Change
25.46%
Date Range
1/1/1951 - 1/1/2024
Summary
The 'State Government Tax Collections, Motor Vehicle Licenses in Arkansas' series tracks tax revenue from motor vehicle license fees collected by the state government in Arkansas. This metric is an important indicator of economic activity and consumer spending 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
This series measures the total amount of tax revenue collected by the Arkansas state government from fees paid for motor vehicle licenses and registrations. It provides insight into consumer purchasing power, transportation trends, and overall economic health within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state and local government finances.
Historical Context
Policymakers and economists monitor this metric to assess consumer behavior, transportation patterns, and the broader economic conditions in Arkansas.
Key Facts
- Arkansas collected $193 million in motor vehicle license taxes in 2021.
- License tax revenue has grown by 25% in Arkansas over the past decade.
- Motor vehicle licenses account for about 5% of total state tax collections in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total tax revenue collected by the Arkansas state government from fees paid for motor vehicle licenses and registrations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer purchasing power, transportation trends, and the overall economic health within the state of Arkansas.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state and local government finances.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to assess consumer behavior, transportation patterns, and the broader economic conditions in Arkansas.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of each fiscal year.
Related Trends
All Employees: Leisure and Hospitality: Accommodation in Arkansas
SMU05000007072100001
Construction Wages and Salaries in Arkansas
ARWCON
Real Gross Domestic Product: Mining, Quarrying, and Oil and Gas Extraction (21) in Arkansas
ARMINRGSP
Personal Consumption Expenditures: Goods: Durable Goods: Motor Vehicles and Parts for Arkansas
ARPCEVEH
Regional Price Parities: All Items for Arkansas
ARRPPALL
Wholesale Trade Wages and Salaries in Arkansas
ARWWHO
Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Vehicle Licenses in Arkansas (ARMOTOLICTAX), retrieved from FRED.