State Tax Collections: T13 Motor Fuels Sales Tax for Washington
QTAXT13QTAXCAT3WANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
247.00
Year-over-Year Change
-3.52%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures Washington state's tax collections from motor fuels sales, providing insight into consumer spending and transportation 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 Washington series tracks the total amount of tax revenue the state collects from the sale of motor fuels, such as gasoline and diesel. This data point is an important indicator of economic conditions and consumer behavior related to transportation and driving.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
Policymakers and analysts monitor this metric to understand trends in consumer spending, transportation use, and the broader state economy.
Key Facts
- Washington collects over $1 billion annually in motor fuels sales tax.
- Motor fuels taxes account for about 10% of total state tax revenue.
- Tax collections declined during the COVID-19 pandemic due to reduced driving.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of tax revenue the state of Washington collects from the sale of motor fuels, such as gasoline and diesel.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending and transportation activity in Washington, making it an important indicator of the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to understand trends in consumer spending, transportation use, and the broader state economy.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, State Tax Collections: T13 Motor Fuels Sales Tax for Washington (QTAXT13QTAXCAT3WANO), retrieved from FRED.