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Alaska collected $65.6 million in insurance premiums sales tax in 2020.
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.
Alaska Tax Collections 2021 vs. 2020
| Type of Tax | 2021 amount | 2020 amount |
|---|---|---|
| Alcoholic beverages sales tax | $41,126,000 | $40,692,000 |
| Public utilities sales tax | $4,361,000 | $4,413,000 |
| Occupation and business license, NEC | $74,622,000 | $71,637,000 |
| Alcoholic beverages license | $1,279,000 | $1,429,000 |
| Motor fuels sales tax | $44,754,000 | $48,554,000 |
| Selective sales and gross receipts taxes | $267,842,000 | $268,355,000 |
| Other selective sales and gross receipts taxes | $39,382,000 | $35,316,000 |
| Corporations net income taxes | $124,987,000 | $162,611,000 |
| Severance taxes | $387,367,000 | $609,307,000 |
| Public utilities license | $7,835,000 | $8,978,000 |
| Amusements sales tax | $15,480,000 | $15,427,000 |
| Motor vehicle license | $36,472,000 | $33,600,000 |
| Tobacco products sales tax | $61,181,000 | $58,356,000 |
| Insurance premiums sales tax | $61,558,000 | $65,597,000 |
| Hunting and fishing license | $32,968,000 | $36,543,000 |
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