State Tax Collections: T16 Tobacco Products Sales Tax for Alaska
QTAXT16QTAXCAT3AKNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
-41.67%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T16 Tobacco Products Sales Tax for Alaska' measures the total sales tax collected on tobacco products in the state of Alaska. This metric is important for economists and policymakers to understand trends in tobacco consumption and government revenue.
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 trend represents the amount of sales tax revenue generated from the sale of tobacco products in Alaska. It is used by analysts to track changes in consumer demand, gauge the impact of tax policy, and assess the fiscal implications for state budgets.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of their quarterly state and local government tax revenue series.
Historical Context
Tobacco tax collections are a key input for state fiscal and public health policy decisions.
Key Facts
- Alaska has a state tobacco products sales tax of 55 cents per pack.
- Tobacco tax collections account for over 2% of Alaska's total state tax revenue.
- Alaska's tobacco tax rate has remained unchanged since 2006.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total sales tax revenue collected by the state of Alaska on the sale of tobacco products, including cigarettes, cigars, and other tobacco items.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding trends in tobacco consumption and the fiscal implications for state budgets, as tobacco tax collections are a significant source of revenue for many state governments.
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 quarterly state and local government tax revenue series.
Q: How is this trend used in economic policy?
A: Tobacco tax collections are a key input for state fiscal and public health policy decisions, as changes in tax rates and consumption patterns can significantly impact state budgets and smoking-related healthcare costs.
Q: Are there update delays or limitations?
A: The data is reported quarterly by the Census Bureau, so there may be a 3-6 month delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, State Tax Collections: T16 Tobacco Products Sales Tax for Alaska (QTAXT16QTAXCAT3AKNO), retrieved from FRED.