State Tax Collections: T16 Tobacco Products Sales Tax for Oklahoma
QTAXT16QTAXCAT3OKNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.00
Year-over-Year Change
-18.28%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures the state tax collections from tobacco products sales in Oklahoma. It is an important indicator for state fiscal policy and tobacco control efforts.
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 Oklahoma tracks the monthly revenue collected by the state government from the taxation of tobacco products, including cigarettes, cigars, and other smoking materials. This data is used by policymakers and analysts to understand state-level tobacco consumption patterns and the fiscal impact of tobacco-related taxes.
Methodology
The data is collected and reported by the U.S. Census Bureau based on state-level tax revenue records.
Historical Context
This trend is closely monitored by state budget offices, public health agencies, and tobacco control advocates to inform policy decisions around taxation, smoking prevention, and revenue generation.
Key Facts
- Oklahoma's tobacco products sales tax revenue was $36.3 million in 2021.
- Tobacco taxes account for approximately 1.5% of Oklahoma's total state tax revenue.
- The state's current tobacco products sales tax rate is 36% of the wholesale price.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly revenue collected by the state of Oklahoma from the taxation of tobacco products, including cigarettes, cigars, and other smoking materials.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding state-level tobacco consumption patterns and the fiscal impact of tobacco-related taxes, which informs policy decisions around taxation, smoking prevention, and revenue generation.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on state-level tax revenue records.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by state budget offices, public health agencies, and tobacco control advocates to inform policy decisions around taxation, smoking prevention, and revenue generation.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with some potential for delays in publication.
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Citation
U.S. Federal Reserve, State Tax Collections: T16 Tobacco Products Sales Tax for Oklahoma (QTAXT16QTAXCAT3OKNO), retrieved from FRED.