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Monday, April 21, 2025

Alaska's combined tax revenues down 35.9% from Q4 to Q1 2024

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Adam Crum, Commissioner of Revenue | Alaska Department of Revenue

Adam Crum, Commissioner of Revenue | Alaska Department of Revenue

Combined tax revenues in Alaska decreased 35.9% in the first quarter of 2024 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Overall, Alaska collected $343 million in taxes during the first quarter of 2024, compared to $535 million in the previous quarter.

The majority of the state’s tax revenue was collected through severance taxes ($231 million) and alcoholic beverages sales tax ($71 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 that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Q1 Alaska Tax Collections
Type of TaxAmount (millions)
Other Taxes$231
Sales and Gross Receipts Taxes$71
Income Taxes$27
License Taxes$14
Source: U.S. Census Bureau

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