Quantcast

Last Frontier News

Saturday, November 23, 2024

Alaska collected 230.6% more in income taxes in 2022

Adobestock 302709923

Adobe Stock

Adobe Stock

Of the $2.4 billion in taxes collected by Alaska in 2022, $413.2 million came from income taxes, a 230.6 percent increase over the previous year, 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.

Alaska Tax Collections 2022 vs. 2021
Type of Tax2022 amount2021 amount
Amusements sales tax$6,805,000$15,480,000
Public utilities license$8,103,000$7,835,000
Alcoholic beverages license$1,397,000$1,279,000
Sales and gross receipts taxes$270,644,000$267,842,000
Insurance premiums sales tax$68,590,000$61,558,000
License taxes$139,377,000$153,176,000
Public utilities sales tax$4,291,000$4,361,000
Corporations net income taxes$413,175,000$124,987,000
Other license taxes$8,983,000$0
Other selective sales and gross receipts taxes$54,924,000$39,382,000
Severance taxes$1,479,380,000$387,367,000
Alcoholic beverages sales tax$42,032,000$41,126,000
Motor vehicle license$29,432,000$36,472,000
Occupation and business license, NEC$53,084,000$74,622,000
Selective sales and gross receipts taxes$270,644,000$267,842,000
Tobacco products sales tax$48,924,000$61,181,000
Property taxes$125,219,000$120,028,000
Income taxes$413,175,000$124,987,000
Hunting and fishing license$38,378,000$32,968,000
Other taxes$1,479,380,000$387,367,000
Motor fuels sales tax$45,078,000$44,754,000
Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS