State Government Tax Collections, Tobacco Products - Selective Sales Taxes in Arkansas
ARTOBACTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
201,005.00
Year-over-Year Change
-18.61%
Date Range
1/1/1942 - 1/1/2024
Summary
The 'State Government Tax Collections, Tobacco Products - Selective Sales Taxes in Arkansas' trend measures revenue from taxes on tobacco products in the state of Arkansas. This statistic is relevant for policymakers and economists analyzing state fiscal and public health policies.
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 data series represents the total taxes collected by the Arkansas state government on the sale of tobacco products, such as cigarettes. It is an important indicator of state revenue and can provide insights into consumer demand, public health trends, and the effectiveness of tobacco control policies.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of the Quarterly Summary of State and Local Government Tax Revenue survey.
Historical Context
This trend is used by state budget analysts, public finance researchers, and policymakers to understand Arkansas' fiscal conditions and the impacts of tobacco taxation.
Key Facts
- Arkansas collected $72.1 million in tobacco taxes in 2021.
- Tobacco taxes account for about 2% of Arkansas' total state tax revenue.
- The state's current cigarette tax rate is $1.15 per pack.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state government of Arkansas on the sale of tobacco products, such as cigarettes and other smokable tobacco.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for understanding Arkansas' fiscal conditions, evaluating the effectiveness of tobacco control policies, and analyzing trends in consumer demand for tobacco products.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of the Quarterly Summary of State and Local Government Tax Revenue survey.
Q: How is this trend used in economic policy?
A: State budget analysts, public finance researchers, and policymakers use this trend to understand Arkansas' fiscal conditions and the impacts of tobacco taxation on state revenue and public health.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Tobacco Products - Selective Sales Taxes in Arkansas (ARTOBACTAX), retrieved from FRED.