State Tax Collections: T16 Tobacco Products Sales Tax for District of Columbia
QTAXT16QTAXCAT3DCNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-60.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures tobacco products sales tax collections in the District of Columbia. It provides insights into consumer behavior and tax revenue for policymakers.
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 District of Columbia tracks the monthly revenue generated from excise taxes on the sale of tobacco products in the District. This data is used to analyze consumer demand, evaluate tax policy, and project government budgets.
Methodology
The data is collected and reported by the District of Columbia Office of Tax and Revenue.
Historical Context
Tobacco tax revenues are an important consideration for state and local governments when setting fiscal policies.
Key Facts
- Tobacco taxes can influence smoking rates and public health.
- Tobacco tax revenue fluctuates with changes in consumer demand.
- The District of Columbia levies a 12% tax on the wholesale price of tobacco products.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly revenue from the excise tax on tobacco product sales in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer behavior and tax revenue, which are important for policy analysis and budget planning.
Q: How is this data collected or calculated?
A: The data is collected and reported by the District of Columbia Office of Tax and Revenue.
Q: How is this trend used in economic policy?
A: Tobacco tax revenues are a key consideration for state and local governments when setting fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 2-3 month reporting lag.
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Citation
U.S. Federal Reserve, State Tax Collections: T16 Tobacco Products Sales Tax for District of Columbia (QTAXT16QTAXCAT3DCNO), retrieved from FRED.