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Wednesday, December 4, 2024

Alaska collected $387.4 million in severance taxes in 2021

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Of the $1.1 billion in taxes collected by Alaska in 2021, 36.8 percent, or $387.4 million, came from severance taxes, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.

The Census Bureau sets the tax classifications among the survey categories and cautions they may differ from the classifications set by the state governments.

Below is a breakdown of how taxes were classified by subcategory and how much was collected.

2021 Alaska Tax Collections
Type of TaxAmount
Amusements sales tax$15,480,000
Tobacco products sales tax$61,181,000
Occupation and business license, NEC$74,622,000
Insurance premiums sales tax$61,558,000
Other selective sales and gross receipts taxes$39,382,000
Hunting and fishing license$32,968,000
Motor fuels sales tax$44,754,000
Motor vehicle license$36,472,000
Selective sales and gross receipts taxes$267,842,000
Alcoholic beverages license$1,279,000
Severance taxes$387,367,000
Alcoholic beverages sales tax$41,126,000
Public utilities sales tax$4,361,000
Public utilities license$7,835,000
Corporations net income taxes$124,987,000
Source: U.S. Census Bureau

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