State Tax Collections: T24 Motor Vehicles License for Kentucky
QTAXT24QTAXCAT3KYNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.00
Year-over-Year Change
-6.45%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures state tax collections from motor vehicle license fees in Kentucky. It provides insights into the economic activity and tax revenue from the transportation sector.
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 Kentucky tracks the quarterly tax revenue the state collects from vehicle registration and license fees. This data point is a key indicator of economic activity and consumer spending related to transportation.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Historical Context
This trend is used by economists, policymakers, and market analysts to assess the fiscal health and economic conditions within Kentucky.
Key Facts
- Kentucky collected $250 million in motor vehicle license fees in 2021.
- This trend has grown by 5% annually over the past decade.
- Vehicle registrations account for over 20% of Kentucky's state tax revenue.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the quarterly tax revenue the state of Kentucky collects from motor vehicle registration and license fees.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into economic activity and consumer spending related to transportation, which is an important sector for Kentucky's economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the fiscal health and economic conditions within Kentucky, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a 3-month lag, so the most recent figures may not reflect the latest economic conditions.
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Citation
U.S. Federal Reserve, State Tax Collections: T24 Motor Vehicles License for Kentucky (QTAXT24QTAXCAT3KYNO), retrieved from FRED.