State Tax Collections: T16 Tobacco Products Sales Tax for California
QTAXT16QTAXCAT3CANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
277.00
Year-over-Year Change
-36.76%
Date Range
1/1/1994 - 1/1/2025
Summary
This series measures the quarterly state tax collections on tobacco products sales in California. It provides insight into tobacco consumption patterns and revenue sources for state governments.
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 tobacco products sales tax is an excise tax levied on the sale of cigarettes, cigars, and other tobacco goods. This data series tracks the total revenue collected from this tax in California, which is an important indicator of tobacco consumption and a key source of state government funding.
Methodology
The data is collected by the U.S. Census Bureau through quarterly surveys of state tax authorities.
Historical Context
Policymakers and analysts use this data to monitor tobacco use trends and evaluate the fiscal impacts of tobacco taxation.
Key Facts
- California levies a $2.87 per pack excise tax on cigarettes.
- Tobacco tax revenue accounts for 1.3% of California's total state tax collections.
- E-cigarette sales are not included in this tobacco products tax data.
FAQs
Q: What does this economic trend measure?
A: This series measures the total quarterly state tax revenue collected from the sale of tobacco products, including cigarettes and other smokable goods, in the state of California.
Q: Why is this trend relevant for users or analysts?
A: The state tobacco products sales tax is an important indicator of tobacco consumption patterns and a key source of state government funding, making this data relevant for policymakers, public finance analysts, and researchers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through quarterly surveys of state tax authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor tobacco use trends and evaluate the fiscal impacts of tobacco taxation, which is an important public health and revenue consideration for state governments.
Q: Are there update delays or limitations?
A: This data is published quarterly by the U.S. Census Bureau, so there may be a 3-6 month delay in the most recent figures being available. The data also does not include revenue from e-cigarette sales, which are subject to different tax regimes.
Related Trends
Individual Income Tax Filing: Refundable American Opportunity Credit Used to Offset Other Taxes
RFAOCTOATA
Median Adjusted Gross Income for Arizona
MEDAGIAZ4A052NCEN
State Tax Collections: T24 Motor Vehicles License for Utah
QTAXT24QTAXCAT3UTNO
State Tax Collections: T50 Death and Gift Taxes for Virginia
QTAXT50QTAXCAT3VANO
Poverty Tax Exemptions Under Age 65 for Maine
PLT65EXMME23A647NCEN
State Tax Collections: T20 Alcoholic Beverages License for Indiana
QTAXT20QTAXCAT3INNO
Citation
U.S. Federal Reserve, State Tax Collections: T16 Tobacco Products Sales Tax for California (QTAXT16QTAXCAT3CANO), retrieved from FRED.