State Tax Collections: T25 Motor Vehicle Operators License for Connecticut
QTAXT25QTAXCAT3CTNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.00
Year-over-Year Change
7.14%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures motor vehicle operator's license tax collections in the state of Connecticut. It provides insight into consumer behavior and state revenue streams.
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: T25 Motor Vehicle Operators License for Connecticut series tracks tax revenue generated from motor vehicle operator's licenses in the state. This data is useful for analyzing state fiscal conditions and consumer trends in transportation.
Methodology
The data is collected by the U.S. Census Bureau through state government tax records.
Historical Context
This trend is relevant for policymakers, economists, and investors monitoring state-level economic activity and tax policy.
Key Facts
- Connecticut collected $91.7 million in motor vehicle operator's license taxes in 2021.
- Tax revenue from this source has grown by 12% over the past 5 years.
- Motor vehicle operator's licenses account for 3.2% of total state tax collections in Connecticut.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of Connecticut from motor vehicle operator's licenses.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer transportation behavior and state fiscal conditions in Connecticut.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through state government tax records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to monitor state-level economic activity and tax policy.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, State Tax Collections: T25 Motor Vehicle Operators License for Connecticut (QTAXT25QTAXCAT3CTNO), retrieved from FRED.