– Increase in revenue of 53.2% over last month.
– Revenue total of $16.9B for the last 12 months a decrease of $11.4M, or 0.1%, over the last year.
– Year-over-year monthly comparisons show an overall increase of $58.4M or 3%.
– Three tax sources increased over the last month.
– Gross Production Tax of $606.6M, up 119%,
– Total Income Tax of $74.7M up 14.5%,
– Total Sales and Use Tax of $88M down 11.5%,
– Motor Vehicle Tax of $73.1M down 4.9% and
– Other Tax Sources of $148.8M up 29.1%.
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 $16.9 billion, down $11.4 million or 0.1 percent.
- Combined individual income tax and corporate income tax $6.5 billion, up $359.1 million or 5.9 percent.
- Individual tax of $5.6 billion, up $394.1 million or 7.6 percent.
- Corporate tax of $897.3 million, down $35 million or 3.8 percent.
- Combined sales tax and use tax–including city and county remittances–of $6.9 billion, down $223 million or 3.1 percent.
- Sales tax of $5.7 billion, down $287.1 million or 4.8 percent.
- Use tax, received on out-of-state and Internet purchases, of $1.2 billion, up $64.2 million or 5.5 percent.
- Oil and gas gross production tax of $1.01 million, down $111.6 million or 9.9 percent.
- Motor vehicle tax of $885.4 million, up $18.5 million or 2.0 percent.
- Other sources, including 70 different revenues, of $1.62 billion, down $11.4 million or 0.1 percent.
Monthly Comparison
Gross receipts total $2.02 billion, up $58.4 million or 3.0 percent for April 2025 vs. 2024.
- Income tax of $1.1 billion, up $109.8 million or 10.9 percent.
- Individual tax of $912.2 million, up $121.3 million or 15.3 percent.
- Corporate tax of $203.9 million, down $11.5 million or 5.4 percent.
- Sales and use tax of $589.3 million, down $16.3 million or 2.7 percent.
- Sales tax of $481.4 million, down $23 million or 4.6 percent.
- Use tax of $108 million, up $6.7 million or 6.6 percent.
- Gross production taxes of $88 million, down $2.7 million or 3 percent.
- Motor vehicle taxes of $73.1 million, down $18.9 million or 20.5 percent.
- Other sources of $148.8 million, down $13.5 million or 8.3 percent.
Month-Over-Month Comparison
Gross receipts total $2.02 billion, up $699.6 million or 53.2 percent from last month.
- Increase in income tax of $606.6 million or 119 percent.
- Increase in sales and use tax of $74.7 million or 14.5 percent.
- Decrease in gross production taxes of $11.5 million or 11.5 percent.
- Decrease in motor vehicle taxes of $3.8 million or 4.9 percent.
- Increase in other sources of $33.6 million or 29.1 percent.
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