State Government Tax Collections, Tobacco Products - Selective Sales Taxes in North Carolina
NCTOBACTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
261,799.00
Year-over-Year Change
-11.18%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures North Carolina's state government tax collections from selective sales taxes on tobacco products. It provides insight into consumer behavior and state tax revenue.
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 Government Tax Collections, Tobacco Products - Selective Sales Taxes in North Carolina series tracks the tax revenue collected by the state government from the sale of tobacco products. This metric is used by economists and policymakers to analyze consumer demand, the tobacco industry, and state fiscal conditions.
Methodology
The data is collected and reported by the U.S. Census Bureau through state government tax revenue surveys.
Historical Context
This trend is relevant for understanding North Carolina's tax policy, public health initiatives, and overall economic performance.
Key Facts
- North Carolina collects selective sales taxes on tobacco products.
- Tobacco tax revenue supports state government operations and public programs.
- Trends in tobacco tax collections reflect changes in consumer demand and purchasing habits.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the North Carolina state government from the sale of tobacco products within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer behavior, the tobacco industry, and the fiscal health of the state government.
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 government tax revenue.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze the impact of tobacco taxes on consumer demand, public health, and state government finances.
Q: Are there update delays or limitations?
A: The data is published by the Census Bureau with a lag, and may not capture all tax revenue sources or changes in policy.
Related Trends
Value of Exports to Germany from North Carolina
NCDEUA052SCEN
Number of Member Commercial Banks in North Carolina
X08CBMBTNC
Real Gross Domestic Product: Printing and Related Support Activities (323) in North Carolina
NCPRNTRGSP
Gross Domestic Product: Retail Trade (44-45) in North Carolina
NCRETAILNQGSP
All Employees: Manufacturing: Non-Durable Goods: Tobacco Manufacturing in North Carolina
SMU37000003231220001SA
All Employees: Wholesale Trade in North Carolina
SMS37000004100000001
Citation
U.S. Federal Reserve, State Government Tax Collections, Tobacco Products - Selective Sales Taxes in North Carolina (NCTOBACTAX), retrieved from FRED.