Federal tobacco tax revenues down 6.2% in fiscal year 2018

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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 Product 1st Quarter
FY 2018
2nd Quarter
FY 2018
3rd Quarter
FY 2018
4th Quarter
FY 2018
FY 2018 Cumulative FY 2017 Cumulative
Domestic (Regular) $2.56 billion $2.92 billion $2.95 billion $3.63 billion $12.1 billion $12.96 billion
Domestic
(Floor Stocks)
$2,000 $2,000 $2,000 $2,000 $8,000 $69,000
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



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