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Wednesday, December 4, 2024

Oklahoma's miscellaneous tax revenues up 7.8% since Q1 2023

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Mark Wood tax Commissioner at Oklahoma Tax Commission | Oklahoma Tax Commission

Mark Wood tax Commissioner at Oklahoma Tax Commission | Oklahoma Tax Commission

Oklahoma collected $468 million in miscellaneous tax revenue during the first quarter of 2023, a 7.8% increase over the same period the previous year when $434 million was reported, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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 2023 Oklahoma Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$1,275
Income Taxes$1,062
License Taxes$228
Miscellaneous Taxes$468

Source: U.S. Census Bureau

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