State Tax Collections: T16 Tobacco Products Sales Tax for Arizona
QTAXT16QTAXCAT3AZNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.00
Year-over-Year Change
-23.53%
Date Range
1/1/1994 - 1/1/2025
Summary
This data series tracks Arizona's tobacco products sales tax collections, providing insights into consumer behavior and tax revenue generation.
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 Arizona measures the monthly revenue collected by the state government from the excise tax on tobacco products sold within Arizona. This metric is used by economists and policymakers to analyze trends in consumer demand, tobacco use, and the fiscal impact of tobacco taxation.
Methodology
The data is collected and reported by the U.S. Census Bureau through state-level tax revenue surveys.
Historical Context
This trend is relevant for understanding the dynamics of the tobacco market and evaluating the effectiveness of tobacco control policies in Arizona.
Key Facts
- Arizona's tobacco products sales tax rate is currently $2.00 per pack of cigarettes.
- Tobacco tax revenue accounts for approximately 2% of Arizona's total state tax collections.
- E-cigarette and vaping products are subject to the same tobacco products sales tax in Arizona.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the monthly revenue collected by the state of Arizona from the excise tax on tobacco products, including cigarettes, cigars, and other smokable or chewable tobacco items.
Q: Why is this trend relevant for users or analysts?
A: The tobacco products sales tax data provides insights into consumer demand for tobacco products and the fiscal impact of tobacco taxation, which are important considerations for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through state-level tax revenue surveys.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the effectiveness of tobacco control policies, understand consumer behavior, and evaluate the fiscal implications of tobacco taxation.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, but there may be a 1-2 month delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T16 Tobacco Products Sales Tax for Arizona (QTAXT16QTAXCAT3AZNO), retrieved from FRED.