State Tax Collections: T13 Motor Fuels Sales Tax for Montana
QTAXT13QTAXCAT3MTNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.00
Year-over-Year Change
-1.59%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures the motor fuels sales tax collections for the state of Montana. It provides valuable insights into consumer spending and tax revenue generation related to fuel purchases.
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 Montana trend tracks the monthly tax revenue collected by the state government from the sale of motor fuels, such as gasoline and diesel. This data is a key indicator of transportation and economic activity within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau based on tax filings and remittances from Montana state agencies.
Historical Context
Policymakers and analysts use this trend to assess the health of Montana's transportation sector and overall economic conditions.
Key Facts
- Montana's motor fuels sales tax rate is currently 27.75 cents per gallon.
- Motor fuels tax revenue accounts for a significant portion of the state's transportation funding.
- The trend has shown volatility in recent years due to changes in driving patterns and fuel prices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly tax revenue collected by the state of Montana 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 valuable insights into consumer spending and transportation activity within the state, which are important indicators of Montana's economic health.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on tax filings and remittances from Montana state agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the performance of Montana's transportation sector and overall economic conditions, which can inform decisions about infrastructure investment, tax policy, and other economic development initiatives.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, State Tax Collections: T13 Motor Fuels Sales Tax for Montana (QTAXT13QTAXCAT3MTNO), retrieved from FRED.