Revenue total of $16.92B for the last 12 months, a increase of $38.57M, or 0.2%, over the last year.
– Year over year monthly comparisons show an overall increase of $47.1M or 3.3%.
– Increase in revenue of 15.1% over last month.
– Three tax sources increased over the last month.
– Total Income Tax of $593.9M up 44.6%,
– Total Sales and Use Tax of $573.3M up 2.7%,
– Motor Vehicle Tax of $77.9M up 6.5%,
– Gross Production Tax of $89.8M down 2.1% and
– Other Tax Sources of $131.2M down 11.8%.
The state’s Business Conditions Index for June increased to 50.6, up slightly from May’s 50.5. Components of the overall June index were: new orders at 52.4; production or sales at 48.8; delivery lead time at 56.6; inventories at 45.9; and employment at 49.2. According to ITA data, the Oklahoma manufacturing sector exported $2.4 billion in goods for the first four months of 2025, compared to $2.2 billion for the same period in 2024, for a 6.6% 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
Tax Revenue total of $16.92 billion, up $38.6 million or 0.2 percent.
· Combined individual income tax and corporate income tax $6.5 billion, up $391.5 million or 6.4 percent.
o Individual tax of $5.6 billion, up $405.4 million or 7.8 percent.
o Corporate tax of $898.0 million, down $14.0 million or 1.5 percent.
· Combined sales tax and use tax–including city and county remittances–of $6.9 billion, down $307.1 million or 5.2 percent.
o Sales tax of $5.6 billion, down $307.1 million or 5.2 percent.
o Use tax, received on out-of-state and Internet purchases, of $1.2 billion, up $54.4 million or 4.6 percent.
Oil and gas gross production tax of $1.01 million, down $80.9 million or 7.3 percent.
· Motor vehicle tax of $888.2 million, down $10.0 million or 1.1 percent.
· Other sources, including 70 different revenues, of $1.62 billion, down $9.4 million or 0.6 percent.
Monthly Comparison
Tax Revenue total of $1.48 billion, up $47.1 million or 3.3 percent for June 2025 vs. 2024.
· Income tax of $593.9 billion, up $58.1 million or 10.8 percent.
o Individual tax of $456.6 million, up $52.5 million or 12.9 percent.
o Corporate tax of $137.3 million, up $5.6 million or 4.23 percent.
· Sales and use tax of $582.6 million, down $19.3 million or 3.2 percent.
o Sales tax of $487.8 million, down $16.0 million or 3.2 percent.
o Use tax of $94.8 million, down $3.4 million or 3.4 percent.
· Gross production taxes of $89.1 million, up $6.0 million or 7.3 percent.
· Motor vehicle taxes of $81.3 million, up $5.3 million or 6.9 percent.
· Other sources of $129.4 million, down $2.9 million or 2.2 percent.
Month-Over-Month Comparison
Tax revenue total of $1.48 billion, up $193.5 million or 15.1 percent from last month.
· Increase in income tax of $183.2 million or 44.6 percent.
· Increase in sales and use tax of $9.2 million or 1.6 percent.
· Decrease in gross production taxes of $0.7 million or 0.8 percent.
· Increase in motor vehicle taxes of $3.5 million or 4.5 percent.
· Decrease in other sources of $1.7 million or 1.3 percent.
