Combined tax revenues in Alaska increased 61.2% in the second quarter of 2024 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.
Overall, Alaska collected $553 million in taxes during the second quarter of 2024, compared to $343 million in the previous quarter.
The majority of the state’s tax revenue was collected through corporation net income taxes ($212 million) and severance 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 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) |
|---|---|
| Income Taxes | $212 |
| Other Taxes | $200 |
| Sales and Gross Receipts Taxes | $79 |
| Property Taxes | $39 |
| License Taxes | $23 |
Source: U.S. Census Bureau
