State Tax Collections: T16 Tobacco Products Sales Tax for Georgia
QTAXT16QTAXCAT3GANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.00
Year-over-Year Change
-12.73%
Date Range
1/1/1994 - 1/1/2025
Summary
This data series tracks the total tax collections on tobacco products sales in the state of Georgia. It provides important insights into consumer behavior, tax revenue, and public health policy.
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 Georgia measures the total amount of tax revenue collected by the state on the sale of tobacco products. This data is a key indicator used by economists, policymakers, and public health officials to monitor trends in consumer demand, government budgets, and the effectiveness of tobacco control policies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Historical Context
This economic indicator is widely used to inform state-level tobacco taxation, smoking cessation programs, and broader fiscal and public health policies.
Key Facts
- Georgia collected $313 million in tobacco products sales tax in 2021.
- Tobacco tax revenue accounts for 2.1% of Georgia's total state tax collections.
- The tobacco products sales tax rate in Georgia is 37 cents per pack of cigarettes.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total tax revenue collected by the state of Georgia on the sale of tobacco products, including cigarettes, cigars, and other tobacco items.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into consumer demand for tobacco products, state government budgets, and the effectiveness of tobacco control policies in Georgia.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state tax authorities.
Q: How is this trend used in economic policy?
A: This data is widely used by policymakers, economists, and public health officials to inform state-level tobacco taxation, smoking cessation programs, and broader fiscal and public health policies.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, State Tax Collections: T16 Tobacco Products Sales Tax for Georgia (QTAXT16QTAXCAT3GANO), retrieved from FRED.