Nov 07

State Tax Revenue Report – October 2025

October 2025October 25 Revenue

– Revenue total of $17.03B for the last 12 months, an increase of $81.43M, or 0.05%, over the last year.
– Year over year monthly comparisons show an overall increase of $60.6M or 4.4%.
– Decrease in revenue of 3.4% over last month.- Two tax sources increased over the last month: 
    – Total Sales and Use Tax of $582.0M up 4.6%
    – Other Tax Sources of $143.0M up 13.5%
    – Total Income Tax of $565.3M down 13.2%,
    – Gross Production Tax of $85.7M down 4.5% and
    – Motor Vehicle Tax of $75.1M down 4.0%.12-Month End
October IndicatorsThe state’s Business Conditions Index for October rose to 52.2 from 50.8 in September. Components of the overall October index were: new orders at 50.1; production at 51.3; delivery lead time at 58.7; inventories at 52.1; and employment at 48.6. According to the latest published U.S. Bureau of Labor Statistics (BLS) data, the state’s involuntary layoff rate for July 2025 was 1.2%, compared to 1.9% for July 2024. AboutFormally 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.October25line12-Month Period End ComparisonTax Revenue total of $17.03 billion, up $81.43 million or 0.48 percent.·       Combined individual income tax and corporate income tax $6.6 billion, up $379.3 million or 6.1 percent.o   Individual tax of $5.7 billion, up $353.4 million or 6.6 percent.o   Corporate tax of $933.9 million, up $25.9 million or 2.9 percent.·       Combined sales tax and use tax–including city and county remittances–of $6.9 billion, down $213.8 million or 3.0 percent.o   Sales tax of $5.6 billion, down $251.6 million or 4.3 percent.o   Use tax, received on out-of-state and Internet purchases, of $1.2 billion, up $37.8 million or 3.2 percent.Monthly Variance·       Oil and gas gross production tax of $1.08 million, up $17.5 million or 1.6 percent.·       Motor vehicle tax of $871.7 million, down $46.7 million or 5.1 percent.·       Other sources, including 70 different revenues, of $1.6 billion, down $54.8 million or 3.3 percent.lineMonthly ComparisonTax Revenue total of $1.4 billion, up $60.6 million or 4.4 percent for October 2025 vs. 2024.·       Income tax of $565.3 billion, up $27.1 million or 5.0 percent.o   Individual tax of $527.7 million, up $20.4 million or 4.0 percent.o   Corporate tax of $37.6 million, up $6.7 million or 21.8 percent.·       Sales and use tax of $582.0 million, up $35.7 million or 6.5 percent.o   Sales tax of $486. million, up $35.7 million or 6.1 percent.o   Use tax of $95.7 million, down $0.03 million or 0.03 percent.Variance August·       Gross production taxes of $85.7 million, up $12.4 million or 16.9 percent.·       Motor vehicle taxes of $72.1 million, down $5.3 million or 6.8 percent.·       Other sources of $143.0 million, down $9.4 million or 6.2 percent.lineMonth-Over-Month ComparisonTax revenue total of $1.5 billion, down $50.4 million or 3.4 percent from last month.·       Decrease in income tax of $86.2 million or 13.2 percent.·       Increase in sales and use tax of $25.8 million or 4.6 percent.·       Decrease in gross production taxes of $4 million or 4.5 percent.·       Decrease in motor vehicle taxes of $3.0 million or 4.0 percent.·       Increase in other sources of $17.0 million or 13.5 percent.

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