Alaska’s combined tax revenues down 4.2% in Q2 compared to same quarter of the previous year

Adam Crum, Commissioner of Revenue - Alaska Department of Revenue
Adam Crum, Commissioner of Revenue - Alaska Department of Revenue
0Comments

Alaska collected $552 million in income, license, miscellaneous other, property and sales and gross receipts taxes during the second quarter of 2024, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

This represents a 4.2% decrease from the same quarter of the previous year, when combined tax revenues were $576 million.

The majority of the state’s tax revenue was collected through income taxes ($212 million) and miscellaneous other taxes ($200 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 it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments. Also, not all states collect all types of taxes.

Q2 Alaska Tax Collections

Type of Tax Amount (millions)
Income Taxes $212
License Taxes $23
Other Taxes $200
Property Taxes $39
Sales and Gross Receipts Taxes $79

Source: U.S. Census Bureau



Related

 -

There were 175 Alaska business licenses issued to out of state businesses during July 2025

There were 175 business licenses issued to companies located outside of Alaska during July 2025, according to Alaska’s Department of Commerce.

Denis R. McDonough Secretary of Veterans Affairs - Official website

VA Purchase Loans in Alaska average $430,107 for Q1

The average VA Purchase Loan amount for Alaska in the first quarter of fiscal year 2025 was $430,107, according to the Veterans Affairs Home Loans Index.

Michael J. Heyman, U.S. Attorney for the District of Alaska - www.justice.gov

Five southeast Alaska fishermen indicted in alleged illegal halibut harvesting scheme

Five southeast Alaska commercial fishermen have been indicted by a federal grand jury on charges of conspiring to illegally harvest halibut, in violation of the Lacey Act.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Last Frontier News.