Sunday, January 26, 2020

Sunday, January 26, 2020

Federal tobacco tax revenues down 6.2% in fiscal year 2018

Tobacco taxes collected by the federal government in fiscal year 2018 declined 6.2 percent over revenues for the previous year, according to recently released figures.

An unofficial report from the Alcohol and Tobacco Tax and Trade Bureau found that excise tax revenues collected on the sale of domestic and imported tobacco products in FY 2018 were $12.96 billion, down from the $13.81 billion collected in FY 2017. 

The figures come from an annual report by the agency's chief financial officer. The imported tax collection numbers originated from U.S. Customs data, according to the report.

The fiscal-year reporting period for 2018 runs from October 2017 to September 2018.


Federal Tobacco Tax Revenues

Classification of Tobacco Product1st Quarter

FY 2018

2nd Quarter

FY 2018

3rd Quarter

FY 2018

4th Quarter

FY 2018

FY 2018 CumulativeFY 2017 Cumulative
Domestic (Regular)$2.56 billion$2.92 billion$2.95 billion$3.63 billion$12.1 billion$12.96 billion

(Floor Stocks)

Imported$236 million$191.9 million$235 million$247 million$909.2 million$852.8 million
Total $2.79 billion$3.11 billion$3.19 billion$3.87 billion$12.96 billion$13.81 billion
Source: U.S. Alcohol and Tobacco Tax and Trade Bureau

Organizations in this Story

U.S. Department of the Treasury

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Tobacco News Wire