State Government Tax Collections, Motor Vehicle Licenses in Florida
FLMOTOLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,583,195.00
Year-over-Year Change
21.32%
Date Range
1/1/1951 - 1/1/2024
Summary
The 'State Government Tax Collections, Motor Vehicle Licenses in Florida' series measures the revenue collected by the state government of Florida from motor vehicle license fees and taxes. This metric is important for economists and policymakers to analyze state-level fiscal trends and tax policy.
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 represents the total amount of revenue collected by the state of Florida from taxes and fees associated with motor vehicle registrations and licenses. It provides insight into consumer behavior, transportation infrastructure needs, and the fiscal health of the state government.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of their State Government Tax Collections survey.
Historical Context
Economists and policymakers use this metric to evaluate economic activity, transportation policy, and the overall fiscal position of the state of Florida.
Key Facts
- Florida collects over $1 billion annually from motor vehicle license fees and taxes.
- Motor vehicle license revenue accounts for approximately 2% of Florida's total state tax collections.
- Vehicle registration trends in Florida are closely tied to population growth and economic activity.
FAQs
Q: What does this economic trend measure?
A: This series measures the total revenue collected by the state government of Florida from taxes and fees associated with motor vehicle registrations and licenses.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer behavior, transportation infrastructure needs, and the fiscal health of the state government of Florida.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of their State Government Tax Collections survey.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to evaluate economic activity, transportation policy, and the overall fiscal position of the state of Florida.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay by the Census Bureau.
Related Trends
Gross Domestic Product: All Industry Total in Florida
FLNGSP
Pandemic Emergency Unemployment Compensation Continued Claims in Florida
PEUCCCFL
Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Florida
FLWHOLEQQGSP
All Employees: Government: Federal Government in Florida
SMS12000009091000001
Number of Noninsured Nonmember Commercial Banks in Florida
X08CBNMBNIFL
Total Carbon Dioxide Emissions From All Sectors, Coal for Florida
EMISSCO2TOTVTTCOFLA
Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Vehicle Licenses in Florida (FLMOTOLICTAX), retrieved from FRED.