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Thursday, November 21, 2024

Alaska's miscellaneous tax revenues down 47.9% since Q4 2023

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Adam Crum, Commissioner of Revenue | Alaska Department of Revenue

Adam Crum, Commissioner of Revenue | Alaska Department of Revenue

Alaska collected $342 million in miscellaneous tax revenue during the fourth quarter of 2023, a 47.9% decrease from the same period the previous year when $657 million was reported, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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 2023 Alaska Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$75
Income Taxes$85
License Taxes$33
Miscellaneous Taxes$342

Source: U.S. Census Bureau

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