Oklahoma collected $1.2 billion in tax revenue in February, a slight increase from a year ago, according to the latest State Tax Revenue Report released by Oklahoma State Treasurer Todd Russ.
“February’s report reflects moderating revenue growth following December’s peak, with the rolling 12-month total remaining positive and reinforcing Oklahoma’s underlying fiscal stability,” Russ said.
Total collections rose 0.5 percent compared to February 2025. Revenues were down 22.5 percent from January, reflecting typical seasonal changes after stronger start-of-year receipts.
Sales and use taxes generated $506.8 million in February, up 0.9 percent from the same month last year. Income tax collections totaled $406.8 million, down slightly by 0.3 percent year over year.
Gross production taxes from oil and gas brought in $87.4 million, down 9.9 percent compared to early 2025. Motor vehicle taxes totaled $72.7 million, up 20.1 percent from a year ago.
Over the past 12 months, Oklahoma has collected $17.23 billion in tax revenue, an increase of $362.9 million, or 2.2 percent, compared to the previous year.
