State Tax Collections: T13 Motor Fuels Sales Tax for Arkansas
QTAXT13QTAXCAT3ARNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.00
Year-over-Year Change
-0.71%
Date Range
1/1/1994 - 1/1/2025
Summary
This series tracks motor fuels sales tax collections in the state of Arkansas. It provides insights into consumer spending and fuel demand, which are key indicators of economic activity.
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 Tax Collections: T13 Motor Fuels Sales Tax for Arkansas measures the total tax revenue the state government collects from the sale of motor fuels, such as gasoline and diesel. This data is used by economists and policymakers to analyze consumer behavior, transportation trends, and the overall health of the state's economy.
Methodology
The data is collected and reported by the Arkansas Department of Finance and Administration.
Historical Context
Trends in motor fuels sales tax revenue can inform policy decisions related to transportation infrastructure, environmental regulations, and economic development.
Key Facts
- Arkansas collected $340 million in motor fuels sales tax revenue in 2021.
- Gasoline accounts for over 80% of motor fuels sales tax revenue in Arkansas.
- Motor fuels sales tax revenue in Arkansas has grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The State Tax Collections: T13 Motor Fuels Sales Tax for Arkansas measures the total tax revenue the state government collects from the sale of motor fuels, such as gasoline and diesel.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending and fuel demand, which are key indicators of economic activity in Arkansas. Tracking motor fuels sales tax revenue can inform policy decisions related to transportation, the environment, and economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Arkansas Department of Finance and Administration.
Q: How is this trend used in economic policy?
A: Trends in motor fuels sales tax revenue can inform policy decisions related to transportation infrastructure, environmental regulations, and economic development in Arkansas.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, State Tax Collections: T13 Motor Fuels Sales Tax for Arkansas (QTAXT13QTAXCAT3ARNO), retrieved from FRED.