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Alaska DOR Releases Fiscal 2020 Annual Report

Dated Dec. 21, 2020

Citations: Annual Report 2020

SUMMARY BY TAX ANALYSTS

The Alaska Department of Revenue, Tax Division, published its fiscal 2020 annual report, highlighting performances of corporate taxes, excise taxes, fisheries taxes, oil and gas taxes, and other tax revenue sources; the report also examines charitable gaming collections, the state’s economic and administrative response to COVID-19, and electronic tax filing.

Total revenues were $1.1 billion, 43.6 percent of which came from oil and gas production tax collections.

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