State Tax Collections: T16 Tobacco Products Sales Tax for Texas
QTAXT16QTAXCAT3TXNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
264.00
Year-over-Year Change
-13.44%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures the quarterly state tax collections on tobacco products sales in Texas. It provides insight into consumption patterns and tax revenue generation, which is relevant for policymakers and economists.
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 Texas metric tracks the revenue collected by the state of Texas from taxes levied on the sale of tobacco products. This data point is used to analyze consumer behavior, forecast tax receipts, and inform tobacco-related policies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state and local government tax authorities.
Historical Context
This metric is used by economists, policymakers, and market analysts to understand consumption trends and the fiscal impacts of tobacco taxation.
Key Facts
- Texas collects a sales tax on tobacco products.
- Tobacco tax revenue is an important source of state funding.
- Tobacco consumption patterns influence this economic metric.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly state tax collections on the sale of tobacco products in Texas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer behavior and tax revenue, which is valuable for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state and local government tax authorities.
Q: How is this trend used in economic policy?
A: This metric is used to analyze consumption patterns, forecast tax receipts, and inform tobacco-related policies.
Q: Are there update delays or limitations?
A: The data is published quarterly, so there may be a short delay before the most recent information is available.
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Citation
U.S. Federal Reserve, State Tax Collections: T16 Tobacco Products Sales Tax for Texas (QTAXT16QTAXCAT3TXNO), retrieved from FRED.