State Tax Collections: T16 Tobacco Products Sales Tax for Alabama
This dataset tracks state tax collections: t16 tobacco products sales tax for alabama over time.
Latest Value
28.00
Year-over-Year Change
-24.32%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures Alabama's state tax collections from tobacco products sales. It provides important insights into consumer behavior, tax revenue, and the broader tobacco industry landscape.
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: T16 Tobacco Products Sales Tax for Alabama tracks the monthly tax revenue generated from the sale of tobacco products in the state. This data point is used by economists, policymakers, and industry analysts to monitor consumption patterns, evaluate tax policies, and assess the fiscal impact of the tobacco trade.
Methodology
The data is collected by the U.S. Census Bureau through state tax revenue reporting.
Historical Context
This trend is closely watched by government agencies, public health organizations, and the tobacco industry to inform policy decisions and market strategies.
Key Facts
- Alabama collects tobacco products sales tax monthly.
- Tobacco tax revenue supports state budgets and public health initiatives.
- Tobacco consumption trends reflect broader economic and social factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly state tax revenue collected from the sale of tobacco products in Alabama.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into consumer behavior, tax policy, and the fiscal impact of the tobacco industry in Alabama.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through state tax revenue reporting.
Q: How is this trend used in economic policy?
A: Government agencies, public health organizations, and the tobacco industry use this data to inform policy decisions and market strategies.
Q: Are there update delays or limitations?
A: The data is reported monthly, but there may be some delays in publication due to state tax reporting processes.
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Citation
U.S. Federal Reserve, State Tax Collections: T16 Tobacco Products Sales Tax for Alabama (QTAXT16QTAXCAT3ALNO), retrieved from FRED.