State Tax Collections: T24 Motor Vehicles License for Hawaii
QTAXT24QTAXCAT3HINO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.00
Year-over-Year Change
-13.64%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections from motor vehicle license fees in Hawaii. It provides insight into consumer behavior and state government revenue.
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 Hawaii metric tracks quarterly tax revenue from motor vehicle registration and licensing in the state of Hawaii. This data series is used by economists and policymakers to analyze consumer spending patterns and assess the financial health of state governments.
Methodology
The data is collected directly from state tax authorities and calculated on a quarterly basis.
Historical Context
Trends in motor vehicle license tax revenue can indicate broader economic conditions and the fiscal position of state governments.
Key Facts
- Hawaii collects over $100 million annually in motor vehicle license taxes.
- Motor vehicle license taxes account for 5-7% of total state tax revenue in Hawaii.
- Tax collections on motor vehicles tend to rise and fall with consumer spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures quarterly state tax revenue from motor vehicle registration and licensing fees in Hawaii.
Q: Why is this trend relevant for users or analysts?
A: Tracking motor vehicle license tax collections provides insight into consumer spending patterns and the fiscal health of state governments.
Q: How is this data collected or calculated?
A: The data is collected directly from Hawaii state tax authorities and calculated on a quarterly basis.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to analyze consumer behavior and assess the financial position of state governments.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical 2-3 month reporting lag.
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Citation
U.S. Federal Reserve, State Tax Collections: T24 Motor Vehicles License for Hawaii (QTAXT24QTAXCAT3HINO), retrieved from FRED.