The Oklahoma State Treasurer’s Office released the May 2026 State Tax Revenue Report this week, showing continuing positive growth as the Gross production Tax remains strong.

 

 Total monthly collections reached $1.3 billion, up 2.7% from a year ago. While revenues declined 46.9% from April’s tax-season peak, Oklahoma’s rolling 12-month revenue total continued to strengthen, reaching $17.8 billion .

 

 The state’s 12-month revenue trend has strengthened steadily over the past nine months, with incremental gains each month. The .19% increase in the rolling 12-month total represents the continued growth in the State's finances.

 

 Income Tax collections were down .9%, following April's peak filing month. Gross Production Taxes are up 22.3% from last year, supported by continued growth in Oklahoma's energy sector. Motor Vehicle Taxes were down 2.9%. The the Sales & Use Tax was up 4.6%, signaling continued consumer spending stability.

 

 Oklahoma's Unemployment rate was 4%, compared to 4.3% nationally.

 

 The complete May 2026 Tax Revenue Report is available at this link.