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Thursday, November 21, 2024

Alaska collected $125 million in income taxes in 2021

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Of the $1.1 billion in taxes collected by Alaska in 2021, 11.9 percent, or $125 million, came from income 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 cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

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

2021 Alaska Tax Collections

Type of TaxAmount
Property taxes$120,028,000
Sales and gross receipts taxes$267,842,000
License taxes$153,176,000
Income taxes$124,987,000
Other taxes$387,367,000
General sales and gross receipts taxes$0
Alcoholic beverages sales tax$41,126,000
Amusements sales tax$15,480,000
Insurance premiums sales tax$61,558,000
Motor fuels sales tax$44,754,000
Pari-mutuels sales tax$0
Public utilities sales tax$4,361,000
Tobacco products sales tax$61,181,000
Other selective sales and gross receipts taxes$39,382,000
Alcoholic beverages license$1,279,000
Amusements license$0
Corporations in general license$0
Hunting and fishing license$32,968,000
Motor vehicle license$36,472,000
Motor vehicle operators license$0
Public utilities license$7,835,000
Occupation and business license, nec$74,622,000
Other license taxes$0
Individual income taxes$0
Corporations net income taxes$124,987,000
Death and gift taxes$0
Documentarty and stock transfer taxes$0
Severance taxes$387,367,000
Taxes, nec$0
Selective sales and gross receipts taxes$267,842,000

Source: U.S. Census Bureau

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