State Tax Collections: T13 Motor Fuels Sales Tax for Minnesota
QTAXT13QTAXCAT3MNNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
221.00
Year-over-Year Change
5.74%
Date Range
1/1/1994 - 1/1/2025
Summary
This series tracks motor fuels sales tax collections in Minnesota, a key indicator of transportation 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 Tax Collections: T13 Motor Fuels Sales Tax for Minnesota measures the revenue generated from taxes levied on the sale of motor fuels such as gasoline and diesel. This data provides insights into transportation and economic trends within the state.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on reports from state tax authorities.
Historical Context
Policymakers and analysts monitor this metric to assess the health of Minnesota's transportation sector and broader economic conditions.
Key Facts
- Minnesota's motor fuels sales tax raised over $900 million in 2021.
- This tax accounts for approximately 15% of Minnesota's total state tax revenue.
- Revenues from the motor fuels sales tax are dedicated to transportation infrastructure funding.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected from taxes levied on the sale of motor fuels, such as gasoline and diesel, in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into transportation and economic activity in Minnesota, as motor fuels sales are closely tied to factors like consumer spending, business operations, and infrastructure investment.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on reports from Minnesota's state tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the health of Minnesota's transportation sector and broader economic conditions, as revenues from the motor fuels sales tax are dedicated to transportation infrastructure funding.
Q: Are there update delays or limitations?
A: There may be delays in data availability, as the U.S. Census Bureau compiles the information from state-level sources.
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Citation
U.S. Federal Reserve, State Tax Collections: T13 Motor Fuels Sales Tax for Minnesota (QTAXT13QTAXCAT3MNNO), retrieved from FRED.