State Tax Collections: T16 Tobacco Products Sales Tax for Pennsylvania
This dataset tracks state tax collections: t16 tobacco products sales tax for pennsylvania over time.
Latest Value
149.00
Year-over-Year Change
-30.37%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures Pennsylvania's state tax collections from the sale of tobacco products. It is an important indicator for policymakers and economists evaluating the state's fiscal health and revenue sources.
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 Pennsylvania metric tracks the revenue generated by the state's excise tax on the sale of cigarettes, cigars, and other tobacco products. This data provides insights into consumer behavior, public health policy, and the state government's ability to fund public services.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state revenue agencies.
Historical Context
Tobacco tax revenue is a key consideration for state budgeting and fiscal policy decisions.
Key Facts
- Pennsylvania's tobacco tax revenue was $1.4 billion in 2021.
- Tobacco taxes account for approximately 5% of Pennsylvania's total state tax collections.
- The state's tobacco tax rate is $2.60 per pack of cigarettes.
FAQs
Q: What does this economic trend measure?
A: This trend measures Pennsylvania's state tax collections from the sale of tobacco products, including cigarettes, cigars, and other tobacco items.
Q: Why is this trend relevant for users or analysts?
A: Tobacco tax revenue is an important indicator of a state's fiscal health, consumer behavior, and the impact of public health policies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state revenue agencies.
Q: How is this trend used in economic policy?
A: Tobacco tax revenue is a key consideration for state budgeting and fiscal policy decisions, as well as evaluating the impact of public health initiatives.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay, and may not account for all tax collection methods used by the state.
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Citation
U.S. Federal Reserve, State Tax Collections: T16 Tobacco Products Sales Tax for Pennsylvania (QTAXT16QTAXCAT3PANO), retrieved from FRED.