State Tax Collections: T13 Motor Fuels Sales Tax for Indiana
QTAXT13QTAXCAT3INNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
401.00
Year-over-Year Change
8.67%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures motor fuels sales tax collections in Indiana, providing insights into consumer spending and state tax revenue.
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 Indiana tracks the total sales tax revenue generated from the sale of motor fuels in the state. This metric is used by economists and policymakers to analyze consumer behavior, fuel demand, and the fiscal health of Indiana's state government.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of state tax agencies.
Historical Context
This trend is relevant for understanding Indiana's transportation infrastructure funding and the broader economic impacts of changes in fuel consumption.
Key Facts
- Indiana's motor fuels sales tax generated $1.2 billion in revenue in 2021.
- The tax rate on motor fuels in Indiana is currently $0.29 per gallon.
- Motor fuels sales tax collections account for approximately 10% of Indiana's total state tax revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total sales tax revenue collected by the state of Indiana from the sale of motor fuels, such as gasoline and diesel.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer spending on transportation, fuel demand, and the fiscal health of Indiana's state government, which is important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of state tax agencies.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to understand the revenue implications of changes in fuel consumption and to inform decisions about transportation infrastructure funding and taxation.
Q: Are there update delays or limitations?
A: The data is typically updated quarterly, with a delay of several months. The trend may not capture all motor fuels sales, as it only includes taxable sales.
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Citation
U.S. Federal Reserve, State Tax Collections: T13 Motor Fuels Sales Tax for Indiana (QTAXT13QTAXCAT3INNO), retrieved from FRED.