State Government Tax Collections, Motor Vehicle Licenses in Missouri
MOMOTOLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
317,284.00
Year-over-Year Change
18.55%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures the total tax revenue collected by the state government of Missouri from motor vehicle licenses. It is an important indicator of consumer and commercial 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 Missouri metric tracks the total revenue generated by the state government from taxes and fees on motor vehicle registrations and licenses. This data helps analysts assess the overall health of Missouri's transportation and economic sectors.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government finances.
Historical Context
Policymakers and economists use this metric to understand trends in consumer spending, transportation usage, and commercial activity in Missouri.
Key Facts
- Missouri collected over $300 million in motor vehicle license taxes in 2021.
- Vehicle registrations in Missouri have increased by 7% over the past 5 years.
- Motor vehicle license taxes account for around 5% of total state government tax revenue in Missouri.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total tax revenue collected by the state government of Missouri from motor vehicle licenses and registrations.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending, transportation usage, and commercial activity in Missouri, which are important factors for economic analysis and policymaking.
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 government finances.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to understand trends in Missouri's transportation and economic sectors, which can inform decisions around infrastructure, taxation, and economic development.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most recent economic conditions in Missouri.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Vehicle Licenses in Missouri (MOMOTOLICTAX), retrieved from FRED.