State Government Tax Collections, Motor Fuels - Selective Sales Taxes in Louisiana
LAFUELTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
621,900.00
Year-over-Year Change
8.14%
Date Range
1/1/1942 - 1/1/2024
Summary
The 'State Government Tax Collections, Motor Fuels - Selective Sales Taxes in Louisiana' trend measures the total tax revenue collected by the Louisiana state government from motor fuel sales. This metric is important for economists and policymakers to analyze state fiscal conditions and energy consumption patterns.
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 trend represents the total tax revenue generated by Louisiana from selective sales taxes on motor fuels, such as gasoline and diesel. It is a key indicator of transportation activity, energy demand, and the state's ability to fund infrastructure and public services through tax collections.
Methodology
The data is collected directly from Louisiana state government revenue reports.
Historical Context
Policymakers use this trend to inform transportation, energy, and tax policies.
Key Facts
- Louisiana's motor fuel tax rate is currently $0.20 per gallon.
- Fuel taxes account for approximately 10% of Louisiana's state tax revenue.
- Motor fuel tax collections declined during the COVID-19 pandemic due to reduced driving.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the Louisiana state government from sales of motor fuels, such as gasoline and diesel.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of transportation activity, energy demand, and the state's ability to fund infrastructure and public services through fuel tax collections.
Q: How is this data collected or calculated?
A: The data is collected directly from Louisiana state government revenue reports.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to inform transportation, energy, and tax policies in Louisiana.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delay, providing timely insight into Louisiana's fuel tax collections.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Fuels - Selective Sales Taxes in Louisiana (LAFUELTAX), retrieved from FRED.