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Sunday, April 13, 2025

Q3 2024: Alaska's combined tax revenues up 5.6% since Q2 2024

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Adam Crum, Commissioner of Revenue | Alaska Department of Revenue

Adam Crum, Commissioner of Revenue | Alaska Department of Revenue

Alaska collected $583 million in total tax revenues during the third quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

These tax revenues stem from various sources, including property tax, sales and gross receipts tax, licenses, income tax, and miscellaneous tax.

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 2024 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

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