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Thursday, November 21, 2024

Alaska's miscellaneous tax revenues down 31.8% in Q4 2022

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Adam Crum, Commissioner of Revenue | Alaska Department of Revenue

Adam Crum, Commissioner of Revenue | Alaska Department of Revenue

Alaska collected $657 million in miscellaneous tax revenue during the fourth quarter of 2022, a 31.8% decrease from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $964 million in the previous quarter.

Net sales reflect companies' total revenue stream, minus the costs of discounts, allowances and product returns.

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.

Q4 2022 Alaska Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$68
Income Taxes$145
License Taxes$33
Miscellaneous Taxes$657

Source: U.S. Census Bureau

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