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Thursday, November 21, 2024

Residents and visitors to Alaska paid $1.6 billion in taxes in 2018

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Alaska collected $1.6 billion in taxes in 2018, a 38.1 percent increase from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Most tax revenue came from other taxes ($931.2 million) and sales and gross receipts taxes ($253 million).

The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.

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.

Below is a breakdown of how taxes were classified by the bureau and how much was collected.

2018 Alaska Tax Collections
Type of TaxAmount
Property taxes$121,563,000
Sales and gross receipts taxes$252,974,000
License taxes$139,691,000
Income taxes$196,321,000
Other taxes$931,184,000
General sales and gross receipts taxes$0
Selective sales and gross receipts taxes$252,974,000
Alcoholic beverages sales tax$39,217,000
Amusements sales tax$11,006,000
Insurance premiums sales tax$62,429,000
Motor fuels sales tax$47,149,000
Pari-mutuels sales tax$0
Public utilities sales tax$4,819,000
Tobacco products sales tax$55,500,000
Other selective sales and gross receipts taxes$32,854,000
Alcoholic beverages license$1,433,000
Amusements license$0
Corporations in general license$0
Hunting and fishing license$35,608,000
Motor vehicle license$36,258,000
Motor vehicle operators license$0
Public utilities license$10,671,000
Occupation and business license, nec$51,608,000
Other license taxes$4,113,000
Individual income taxes$0
Corporations net income taxes$196,321,000
Death and gift taxes$0
Documentary and stock transfer taxes$0
Severance taxes$931,184,000
Taxes, nec$0

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