Combined tax revenues in Alaska decreased 14.6% in the third quarter of 2023 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.
Overall, Alaska collected $493 million in taxes during the third quarter of 2023, compared to $577 million in the previous quarter.
The majority of the state’s tax revenue was collected through severance taxes ($211 million) and alcoholic beverages sales tax ($97 million).
In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.
The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.
| Type of Tax | Amount (millions) |
|---|---|
| Other Taxes | $211 |
| Sales and Gross Receipts Taxes | $97 |
| Property Taxes | $90 |
| Income Taxes | $66 |
| License Taxes | $29 |
Source: U.S. Census Bureau
