State Tax Collections: T16 Tobacco Products Sales Tax for Louisiana
QTAXT16QTAXCAT3LANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.00
Year-over-Year Change
-14.75%
Date Range
1/1/1994 - 1/1/2025
Summary
This series measures the quarterly tobacco products sales tax collections for the state of Louisiana. It provides important data on a key revenue source for state budgets and tobacco control 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 Louisiana series tracks the quarterly revenue collected by the state government from the excise tax on tobacco products. This metric is a critical indicator of tobacco consumption trends and an important source of state budget funding.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state tax authorities.
Historical Context
Policymakers and economists use this data to analyze the fiscal and public health impacts of tobacco taxation.
Key Facts
- Louisiana's tobacco tax rate is $1.08 per pack of cigarettes.
- Tobacco tax revenue accounts for around 2% of Louisiana's total state tax collections.
- Tobacco use costs Louisiana $1.9 billion annually in healthcare expenditures and lost productivity.
FAQs
Q: What does this economic trend measure?
A: This series tracks the quarterly revenue collected by the state of Louisiana from its excise tax on tobacco products, including cigarettes, cigars, and other tobacco items.
Q: Why is this trend relevant for users or analysts?
A: Tobacco tax collections are an important indicator of public health, consumer spending, and state budgets. This data helps policymakers and economists assess the fiscal and social impacts of tobacco taxation.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state tax authorities.
Q: How is this trend used in economic policy?
A: Governments and analysts use this data to evaluate the revenue, public health, and market effects of tobacco taxation policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months. It does not include tribal or local tobacco tax collections.
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Citation
U.S. Federal Reserve, State Tax Collections: T16 Tobacco Products Sales Tax for Louisiana (QTAXT16QTAXCAT3LANO), retrieved from FRED.