State Tax Collections: T16 Tobacco Products Sales Tax for Mississippi
QTAXT16QTAXCAT3MSNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.00
Year-over-Year Change
-12.50%
Date Range
1/1/1994 - 1/1/2025
Summary
The State Tax Collections: T16 Tobacco Products Sales Tax for Mississippi measures the revenue collected from the sales tax on tobacco products in the state of Mississippi. This trend is important for economists and policymakers to understand state-level tobacco tax revenues and their implications for public finance and public health.
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 Mississippi tracks the sales tax revenues generated from the purchase of tobacco products within the state. This data provides insights into consumption patterns, tax policy, and the fiscal impact of tobacco-related taxes at the state level.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Historical Context
This trend is used by economists, policymakers, and public health analysts to assess the revenue and public health implications of tobacco taxation policies.
Key Facts
- Tobacco products sales tax is a major revenue source for the state of Mississippi.
- Revenues from this tax can be used to fund public health initiatives and programs.
- Trends in this tax reflect changes in tobacco consumption patterns in the state.
FAQs
Q: What does this economic trend measure?
A: The State Tax Collections: T16 Tobacco Products Sales Tax for Mississippi measures the revenue collected from the sales tax on tobacco products in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into tobacco consumption patterns, tax policy, and the fiscal impact of tobacco-related taxes at the state level, which is important for economists, policymakers, and public health analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and public health analysts to assess the revenue and public health implications of tobacco taxation policies.
Q: Are there update delays or limitations?
A: The data is reported quarterly by the U.S. Census Bureau, so there may be some delay in the most recent data being available.
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Citation
U.S. Federal Reserve, State Tax Collections: T16 Tobacco Products Sales Tax for Mississippi (QTAXT16QTAXCAT3MSNO), retrieved from FRED.