Idaho placed 43rd in U.S. ranking for insurance premiums taxes collected in 2023

Lt. Governor Scott Bedke - lgo.idaho.go
Lt. Governor Scott Bedke - lgo.idaho.go
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In 2023, Idaho collected $139.4 million in insurance premiums sales taxes, placing it 43rd among all U.S. states, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

This marked a 1.6% increase from the $137.2 million generated in the previous year.

For comparison, Texas topped the national rankings in 2023, collecting $4.2 billion in insurance premiums sales taxes.

The State Government Tax Collections (STC) survey tracks five major tax categories and up to 25 subcategories, gathering data from all 50 state governments and their dependent agencies.

The Census Bureau notes that it defines tax classifications consistently across states, which may differ from how individual states categorize them.

According to the U.S. Census Bureau, state and local governments collect a wide range of taxes to fund public programs and services. These revenues are typically allocated to areas such as transportation, education, and public safety. In 2024, state tax collections alone amounted to nearly $1.5 trillion nationwide, representing a significant part of overall government operations.

U.S. Insurance Premiums Sales Taxes by State in 2023
Rank State Amount
1 Texas $4,179,281,000
2 California $3,690,456,000
3 New York $2,456,791,000
4 Florida $1,993,432,000
5 Tennessee $1,274,120,000
6 Louisiana $1,229,146,000
7 North Carolina $1,169,639,000
8 Pennsylvania $939,974,000
9 Maryland $856,566,000
10 Washington $847,086,000
11 Arizona $811,228,000
12 Ohio $767,006,000
13 Minnesota $752,517,000
14 Virginia $733,514,000
15 New Jersey $723,894,000
16 Massachusetts $613,510,000
17 Alabama $563,244,000
18 Nevada $546,898,000
19 Illinois $536,806,000
20 Colorado $533,490,000
21 Georgia $519,077,000
22 Missouri $516,480,000
23 Kansas $503,133,000
24 Michigan $471,261,000
25 Mississippi $455,697,000
26 New Mexico $388,600,000
27 Arkansas $374,949,000
28 Oklahoma $359,575,000
29 South Carolina $337,845,000
30 Indiana $268,114,000
31 Wisconsin $251,916,000
32 Connecticut $244,452,000
33 Kentucky $212,229,000
34 Hawaii $210,527,000
35 Utah $202,989,000
36 West Virginia $187,006,000
37 Oregon $173,666,000
38 Iowa $173,028,000
39 Montana $163,891,000
40 Rhode Island $154,474,000
41 New Hampshire $154,258,000
42 Delaware $145,896,000
43 Idaho $139,362,000
44 Maine $133,032,000
45 South Dakota $105,088,000
46 Nebraska $87,723,000
47 North Dakota $80,032,000
48 Vermont $72,313,000
49 Alaska $63,446,000
50 Wyoming $33,024,000

Information in this story was obtained from the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC). The source data can be found here.



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