State Tax Collections: T24 Motor Vehicles License for Colorado
QTAXT24QTAXCAT3CONO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.00
Year-over-Year Change
24.24%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from motor vehicle licenses in Colorado. It provides insight into consumer spending 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: T24 Motor Vehicles License for Colorado series tracks the revenue collected by the state government from taxes on the registration and licensing of motor vehicles. This metric offers a window into consumer behavior and the health of the local transportation and automotive sectors.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax authorities.
Historical Context
Policymakers and economists use this metric to assess the broader economic climate and make informed decisions.
Key Facts
- Colorado collected $302 million in motor vehicle license taxes in 2021.
- Motor vehicle license taxes account for approximately 4% of Colorado's total state tax revenue.
- Tax collections in this category have grown by 8% annually on average over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of Colorado from the registration and licensing of motor vehicles.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending and economic activity in Colorado's transportation and automotive sectors.
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 authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the broader economic climate in Colorado and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months.
Related Trends
Mean Adjusted Gross Income for Alabama
MEANAGIAL1A052NCEN
State Tax Collections: T23 Hunting and Fishing License for Rhode Island
QTAXT23QTAXCAT3RINO
State Tax Collections: T12 Insurance Premiums Sales Tax for New Mexico
QTAXT12QTAXCAT3NMNO
State Tax Collections: T09 General Sales and Gross Receipts Taxes for Texas
QTAXT09QTAXCAT3TXNO
State Tax Collections: T01 Property Taxes for Texas
QTAXT01QTAXCAT3TXNO
State Tax Collections: T10 Alcoholic Beverages Sales Tax for New Hampshire
QTAXT10QTAXCAT3NHNO
Citation
U.S. Federal Reserve, State Tax Collections: T24 Motor Vehicles License for Colorado (QTAXT24QTAXCAT3CONO), retrieved from FRED.