State Tax Collections: T24 Motor Vehicles License for Mississippi
QTAXT24QTAXCAT3MSNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.00
Year-over-Year Change
28.57%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures state tax collections on motor vehicle licenses in Mississippi. It provides insights into the economic activity and tax revenue generation related to the motor vehicle industry 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 Mississippi series tracks the quarterly tax revenue collected by the state government from taxes levied on motor vehicle registrations and licenses. This data is used by economists and policymakers to analyze trends in consumer spending, transportation-related economic activity, and state fiscal conditions.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Tax Revenue.
Historical Context
This trend is relevant for understanding the overall economic health and tax base of the state of Mississippi.
Key Facts
- Mississippi collected $27.3 million in motor vehicle license taxes in Q4 2022.
- Tax collections on motor vehicle licenses account for approximately 2.5% of Mississippi's total state tax revenue.
- Motor vehicle license tax collections in Mississippi have grown by 7.9% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly tax revenue collected by the state of Mississippi on motor vehicle registrations and licenses.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic activity and consumer spending related to the motor vehicle industry in Mississippi, which is an important part of the state's economy and tax base.
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 Tax Revenue.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze state fiscal conditions, transportation-related economic activity, and overall economic health in Mississippi.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a typical 3-month lag, so the most recent quarter's figures may not be available immediately.
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Citation
U.S. Federal Reserve, State Tax Collections: T24 Motor Vehicles License for Mississippi (QTAXT24QTAXCAT3MSNO), retrieved from FRED.