– Increase in revenue of 11.4% over last month.
– Revenue total of $16.84B for the last 12 months a decrease of $12.1M, or 0.1%, over the last year.
– Year over year monthly comparisons show an overall decrease of $28M or 2.1%.
– All tax sources increased over the last month.
– Gross Production Tax of $99.5M, up 2.5%,
– Total Income Tax of $509.5M up 24.9%,
– Total Sales and Use Tax of $12.2M up 2.4%,
– Motor Vehicle Tax of $16.4M up 27.1% and
– Other Tax Sources of $2.1M up 1.9%.
The state’s Business Conditions Index for March declined to a solid 53.6 from 56.1 in February. Components of the overall March index were: new orders at 55.5; production or sales at 53.6; delivery lead time at 54.6; inventories at 43.7; and employment at 60.5. According to ITA data, the Oklahoma economy began the year with $525.0 million in manufacturing exports, compared to $499.0 million for the same period in 2024, for a 5.2% gain.
Formally known as the Gross Receipts Report, this report is a timely, broad view of the state’s economy and releases in conjunction with the General Revenue Fund report. Providing information to state agencies for budgetary planning purposes, the General Revenue Fund acts as the state’s main operating account and receives a portion of the state’s gross receipts as well as state, city and county funds.
12-Month Period End Comparison
Gross receipts total $16.84 billion, down $12.1 million or 0.1 percent.
- Combined individual income tax and corporate income tax $6.3 billion, up $291.41 million or 4.8 percent.
- Individual tax of $5.4 billion, up $318 million or 6.2 percent.
- Corporate tax of $908.9 million, down $26.6 million or 2.8 percent.
- Combined sales tax and use tax–including city and county remittances–of $6.9 billion, down $213.5 million or 3.0 percent.
- Sales tax of $5.7 billion, down $274.8 million or 4.6 percent.
- Use tax, received on out-of-state and Internet purchases, of $1.2 billion, up $61.3 million or 5.3 percent.
- Oil and gas gross production tax of $1.01 million, down $105.7 million or 9.4 percent.
- Motor vehicle tax of $904.3 million, up $24.3 million or 2.8 percent.
- Other sources, including 70 different revenues, of $1.63 billion, down $8.6 million or 0.5 percent.
Monthly Comparison
Gross receipts total $1.31 billion, down $28 million or 2.1 percent for March 2025 vs. 2024.
- Income tax of $509.5 million, up $27 million or 5.6 percent.
- Individual tax of $456.3 million, up $29.6 million or 6.9 percent.
- Corporate tax of $53.2 million, down $2.6 million or 4.6 percent.
- Sales and use tax of $514.6 million, down $55.2 million or 9.7 percent.
- Sales tax of $423.8 million, down $54 million or 11.3 percent.
- Use tax of $90.9 million, down $1.1 million or 1.2 percent.
Month-Over-Month Comparison
Gross receipts total $1.31 billion, up $134.7 million or 11.4 percent from last month.
- Increase in income tax of $101.6 million or 24.9 percent.
- Increase in sales and use tax of $12.2 million or 2.4 percent.
- Increase in gross production taxes of $2.4 million or 2.5 percent.
- Increase in motor vehicle taxes of $16.4 million or 27.1 percent.
- Increase in other sources of $2.1 million or 1.9 percent.
View full PDF report below.
