State Government Tax Collections, Tobacco Products - Selective Sales Taxes in Alabama
ALTOBACTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131,809.00
Year-over-Year Change
4.49%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections from tobacco products in Alabama. It provides insights into the revenue stream from selective sales taxes on tobacco products.
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 Alabama trend tracks the revenue collected by the state government from selective sales taxes on tobacco products. This data point is useful for understanding the fiscal impacts of tobacco taxation and consumption patterns within the state.
Methodology
The data is collected and calculated by the U.S. Census Bureau as part of their State Government Tax Collections program.
Historical Context
Policymakers and economists analyze this trend to assess the financial implications of tobacco-related taxes and public health initiatives.
Key Facts
- Alabama's tobacco tax revenue has declined by 20% over the past decade.
- Tobacco products account for 5% of Alabama's total state tax collections.
- The state's tobacco tax rate is $0.68 per pack of cigarettes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue collected by the state government of Alabama from selective sales taxes on tobacco products.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the fiscal impacts of tobacco taxation and consumption patterns within the state, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau as part of their State Government Tax Collections program.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess the financial implications of tobacco-related taxes and public health initiatives.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Census Bureau, with a typical update delay of 2-3 months.
Related Trends
All Employees: Construction in Alabama
ALCONS
Value of Exports to Austria from Alabama
ALAUTA052SCEN
Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in Alabama
SMU01000003100000007A
Chain-Type Quantity Index for Real GDP: Natural Resources and Mining (11, 21) in Alabama
ALNATRESMINQGSP
90% Confidence Interval Lower Bound of Estimate of Percent of People Age 0-17 in Poverty for Alabama
PPCILBU18AL01000A156NCEN
Chain-Type Quantity Index for Real GDP: Performing Arts, Spectator Sports, Museums, and Related Activities (711-712) in Alabama
ALPRFRMSPRTMSMQGSP
Citation
U.S. Federal Reserve, State Government Tax Collections, Tobacco Products - Selective Sales Taxes in Alabama (ALTOBACTAX), retrieved from FRED.