State Tax Collections: T13 Motor Fuels Sales Tax for Utah
QTAXT13QTAXCAT3UTNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
197.00
Year-over-Year Change
28.76%
Date Range
1/1/1994 - 1/1/2025
Summary
This series measures state tax collections from motor fuels sales taxes in Utah. It is an important indicator of consumer demand and transportation activity within 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 Utah series tracks revenue generated by taxes on the sale of motor fuels, such as gasoline and diesel, within the state of Utah. This data point provides insight into consumer spending and transportation trends that are relevant for state fiscal planning and economic analysis.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax collection agencies.
Historical Context
Policymakers and analysts use this data to assess the health of Utah's transportation sector and monitor the impacts of factors like fuel prices, economic conditions, and policy changes.
Key Facts
- Utah collects a 19.5 cent per gallon tax on gasoline and diesel fuel sales.
- Motor fuels sales taxes account for approximately 10% of Utah's total state tax revenue.
- Tax collections have grown by an average of 3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series tracks state tax revenue generated from the sale of motor fuels, such as gasoline and diesel, within Utah.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into consumer spending and transportation activity, which are important factors for state fiscal planning and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax collection agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the health of Utah's transportation sector and monitor the impacts of factors like fuel prices, economic conditions, and policy changes.
Q: Are there update delays or limitations?
A: The data is typically published with a 3-6 month lag and may be subject to revisions by the collecting agency.
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Citation
U.S. Federal Reserve, State Tax Collections: T13 Motor Fuels Sales Tax for Utah (QTAXT13QTAXCAT3UTNO), retrieved from FRED.