State Tax Collections: T25 Motor Vehicle Operators License for Florida
QTAXT25QTAXCAT3FLNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.00
Year-over-Year Change
7.02%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T25 Motor Vehicle Operators License for Florida' trend measures the revenue collected by the state of Florida from taxes on motor vehicle operator's licenses.
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 economic indicator tracks the tax revenue generated by fees and charges related to motor vehicle licensing in the state of Florida. It is a useful metric for evaluating the state's transportation infrastructure funding and policy.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue survey.
Historical Context
This trend can inform state and local policymakers on transportation budgets and the impacts of any license fee changes.
Key Facts
- Florida collected $401 million in motor vehicle operator's license taxes in 2021.
- Revenues from this tax source have increased by 25% over the past decade in Florida.
- Motor vehicle license fees account for approximately 2.5% of Florida's total state tax collections.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state of Florida from fees and charges related to motor vehicle operator's licenses.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into Florida's transportation infrastructure funding and can inform state and local policymaking on license fees and transportation budgets.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Quarterly Summary of State and Local Government Tax Revenue survey.
Q: How is this trend used in economic policy?
A: This trend can inform state and local policymakers on transportation budgets and the impacts of any changes to motor vehicle licensing fees.
Q: Are there update delays or limitations?
A: The data is reported quarterly by the Census Bureau, so there may be a short delay in the most recent figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T25 Motor Vehicle Operators License for Florida (QTAXT25QTAXCAT3FLNO), retrieved from FRED.