State Government Tax Collections, Motor Vehicle Licenses in Idaho
IDMOTOLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
237,012.00
Year-over-Year Change
85.44%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures state government tax collections from motor vehicle licenses in Idaho. It is an important indicator of transportation infrastructure funding and economic activity 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
The State Government Tax Collections, Motor Vehicle Licenses in Idaho metric tracks tax revenue generated from the sale of vehicle registration and driver's licenses. This data provides insight into transportation funding and consumer spending patterns in the state.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this trend to analyze transportation infrastructure investment and consumer economic conditions in Idaho.
Key Facts
- Idaho generated $155 million in motor vehicle license tax revenue in 2021.
- This trend has increased by 7.2% annually on average over the past 5 years.
- Motor vehicle license taxes account for 5.8% of Idaho's total state tax collections.
FAQs
Q: What does this economic trend measure?
A: This trend measures state government tax revenue generated from the sale of motor vehicle licenses and registrations in Idaho.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into transportation infrastructure funding and consumer spending patterns in Idaho, which are important for policymakers and economists to monitor.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze transportation infrastructure investment and consumer economic conditions in Idaho.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Vehicle Licenses in Idaho (IDMOTOLICTAX), retrieved from FRED.