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Wednesday, December 4, 2024

Alaska's license tax revenue down 57.6% in Q1 compared to previous quarter

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Adam Crum, Commissioner of Revenue | Alaska Department of Revenue

Adam Crum, Commissioner of Revenue | Alaska Department of Revenue

Alaska collected $14 million in license taxes during the first quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

This represents a 57.6% decrease from the previous quarter, when license tax revenue was $33 million.

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 it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments. Also, not all states collect all types of taxes.

Overall, Alaska collected $342 million in combined tax revenues in Q1.

Q1 Alaska Tax Collections

Type of TaxAmount (millions)
Income Taxes$27
License Taxes$14
Other Taxes$231
Property Taxes$0
Sales and Gross Receipts Taxes$71

Source: U.S. Census Bureau

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