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Friday, April 18, 2025

Alaska's combined tax revenues up 5.2% from Q2 to Q3 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 increased 5.2% in the third 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 $582 million in taxes during the third quarter of 2024, compared to $553 million in the previous quarter.

The majority of the state’s tax revenue was collected through severance taxes ($259 million) and property taxes ($93 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.

Q3 Alaska Tax Collections
Type of TaxAmount (millions)
Other Taxes$259
Property Taxes$93
Sales and Gross Receipts Taxes$92
Income Taxes$87
License Taxes$51
Source: U.S. Census Bureau

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