State Tax Collections: T16 Tobacco Products Sales Tax for Kentucky
QTAXT16QTAXCAT3KYNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.00
Year-over-Year Change
-21.43%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic indicator tracks quarterly state tax collections from the tobacco products sales tax in Kentucky. It provides insight into consumer demand and state revenue from this excise tax.
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 Kentucky series measures the revenue received by the state government of Kentucky from the excise tax levied on the sale of tobacco products. This data is useful for analyzing trends in consumer behavior and state fiscal policy.
Methodology
The data is collected and reported quarterly by the U.S. Census Bureau.
Historical Context
Tobacco tax revenue is an important consideration for state policymakers when setting fiscal and public health priorities.
Key Facts
- Kentucky's tobacco products sales tax rate is currently 15%.
- Tobacco tax revenue accounts for about 2% of Kentucky's total state tax collections.
- Tobacco use has declined over the past two decades in Kentucky.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks quarterly state tax collections from the tobacco products sales tax in Kentucky. It provides insight into consumer demand and state revenue from this excise tax.
Q: Why is this trend relevant for users or analysts?
A: Tobacco tax revenue is an important consideration for state policymakers when setting fiscal and public health priorities.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Tobacco tax revenue data is used by Kentucky state officials to analyze consumer behavior and inform fiscal and public health policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short delay by the Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T16 Tobacco Products Sales Tax for Kentucky (QTAXT16QTAXCAT3KYNO), retrieved from FRED.