State Tax Collections: T16 Tobacco Products Sales Tax for the United States
This dataset tracks state tax collections: t16 tobacco products sales tax for the united states over time.
Latest Value
3278.00
Year-over-Year Change
-21.15%
Date Range
1/1/1994 - 1/1/2025
Summary
The State Tax Collections: T16 Tobacco Products Sales Tax for the United States tracks tax revenue from the sale of tobacco products across the country. This metric is closely monitored by policymakers and economists to assess the impact of tobacco-related taxes and policies.
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
This series measures state-level tax collections specifically on the sale of tobacco products, including cigarettes, cigars, and other smokable or chewable forms of tobacco. The data is a key indicator of consumption patterns and can inform discussions around public health, tax policy, and government revenue.
Methodology
The data is collected and reported by the U.S. Census Bureau through quarterly surveys of state tax authorities.
Historical Context
Tobacco tax collections are relevant for understanding consumer behavior, state budgets, and the potential effects of tobacco-related legislation or regulations.
Key Facts
- Tobacco taxes account for a significant portion of state government revenue.
- Declining tobacco sales can impact state budgets that rely on this revenue stream.
- Tobacco tax policy is closely linked to public health outcomes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by U.S. states on the sale of tobacco products, including cigarettes, cigars, and other forms of smokable or chewable tobacco.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding consumer behavior, assessing the impact of tobacco-related policies, and evaluating state government budgets and revenue sources.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through quarterly surveys of state tax authorities.
Q: How is this trend used in economic policy?
A: Tobacco tax collections are closely monitored by policymakers, economists, and public health experts to inform discussions around taxation, consumer behavior, and the potential effects of tobacco-related legislation or regulations.
Q: Are there update delays or limitations?
A: The data is released quarterly, so there may be a short delay in availability compared to real-time activity. Additionally, the data is limited to state-level tobacco tax collections and does not include federal or local taxes.
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Citation
U.S. Federal Reserve, State Tax Collections: T16 Tobacco Products Sales Tax for the United States (QTAXT16QTAXCAT3USNO), retrieved from FRED.