The Alaska Citizen's Guide to the Budget


1.2.1.2 General Fund Non-Oil Revenues $ .334 billion in 2002

The largest non-petroleum tax revenue generators for the general fund are the corporate income tax, the motor fuel tax, and the insurance premium tax.

In spite of considerable growth in the economy over the last 15 years, there has been little increase in the total non-oil revenues collected by the general fund.

Some taxes and fees for special purposes do not flow into the general fund, but instead go into one of the other state funds. Some fisheries-related taxes flow directly to local governments and do not show up in the state accounts.

General Fund Non-Petroleum Revenues Anticipated for FY 2002 (billion $)

Total Anticipated July 2001
$ .334
Total Anticipated Spring 2001
$ .357
TAXES
$ .171
--Corporate Income Tax (non oil)
$ .055
--Motor Fuel Tax
$ .037
--Insurance Premium Tax
$ .029
--Tobacco Tax
$ .015
--Alcohol Tax
$ .012
--Electric & Telephone Coop Tax
$ .000
--Fish Tax
$ .015
--Mining Tax
$ .003
--Estate Tax
$ .003

--Charitable Gaming

$ .002

LICENSES & PERMITS

$ .050
--Motor Vehicle
$ .036
--Other
$ .014
CHARGES FOR SERVICES
$ .030
OTHER MISCELLANEOUS
$ .066
INVESTMENT EARNINGS*
$ .040

Source: Alaska Department of Revenue, Revenue Sources, Spring 2001.

*Excludes dividend payment from AHFC and AIDEA.

 

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Page updated November 13, 2002

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