State Tax Collections: T24 Motor Vehicles License for South Dakota
QTAXT24QTAXCAT3SDNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.00
Year-over-Year Change
9.09%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T24 Motor Vehicles License for South Dakota' series measures the tax revenue collected from motor vehicle license fees in South Dakota. This metric provides insight into transportation-related economic activity and state government fiscal conditions.
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
This series tracks the total amount of tax revenue collected by the state of South Dakota from license fees on motor vehicles. It represents an important component of the state's overall tax collections and serves as an indicator of transportation-related economic trends and the fiscal health of the state government.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of their State Government Tax Collections survey.
Historical Context
Policymakers and analysts use this data to monitor transportation sector activity and state government budgets.
Key Facts
- South Dakota collects motor vehicle license fees as part of its overall state tax revenue.
- This metric provides insight into transportation-related economic activity in the state.
- The data is reported quarterly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This series measures the tax revenue collected by the state of South Dakota from motor vehicle license fees, which is an important component of the state's overall tax collections.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into transportation-related economic activity and the fiscal health of the South Dakota state government.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of their State Government Tax Collections survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor transportation sector activity and state government budgets in South Dakota.
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.
Related Trends
Chain-Type Quantity Index for Real GDP: Food Services and Drinking Places (722) in South Dakota
SDFOODDPQGSP
Real Personal Income: Nonmetropolitan Portion for South Dakota
SDNMPRPI
Gross Domestic Product: Educational Services (61) in South Dakota
SDEDCATNGSP
Chain-Type Quantity Index for Real GDP: Forestry, Fishing, and Related Activities (113-115) in South Dakota
SDFRSTFISHQGSP
Industrial Carbon Dioxide Emissions, Industrial Other for South Dakota
EMISSCO2VCLICBSDA
Total Deposits in Commercial Banks in South Dakota
X08TDCBTSD
Citation
U.S. Federal Reserve, State Tax Collections: T24 Motor Vehicles License for South Dakota (QTAXT24QTAXCAT3SDNO), retrieved from FRED.