Idaho ranks 43rd in the U.S. for most insurance premiums taxes paid in 2024

Lt. Governor Scott Bedke - lgo.idaho.go
Lt. Governor Scott Bedke - lgo.idaho.go
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In 2024, Idaho collected $148.7 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 6.7% increase from the $139.4 million generated in the previous year.

For comparison, Texas topped the national rankings in 2024, collecting $4.3 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.

All figures in this article reflect taxes collected by state governments only, based on the STC. They do not include local taxes, such as most property taxes, which make up a significant portion of overall taxes paid by residents.

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.

The amount each state collects depends on its tax rates, bases, and policy priorities. In 2023, North Dakota topped the list with the largest state tax collection per capita at $7,715.71, followed by Hawaii ($7,098.72) and Vermont ($6,948.15), according to the U.S. Census Bureau.

U.S. Insurance Premiums Sales Taxes by State in 2024
Rank State Amount
1 Texas $4,337,503,000
2 California $4,013,574,000
3 New York $2,494,775,000
4 Florida $2,223,757,000
5 Tennessee $1,458,851,000
6 Louisiana $1,334,058,000
7 North Carolina $1,226,119,000
8 Pennsylvania $1,017,628,000
9 Washington $887,670,000
10 Maryland $887,149,000
11 Arizona $878,984,000
12 Minnesota $845,671,000
13 Ohio $794,334,000
14 Virginia $768,340,000
15 New Jersey $737,875,000
16 Massachusetts $692,021,000
17 Nevada $620,936,000
18 Alabama $612,835,000
19 Georgia $562,442,000
20 Missouri $551,714,000
21 Colorado $547,609,000
22 Illinois $533,856,000
23 Michigan $529,226,000
24 Kansas $514,186,000
25 Mississippi $497,792,000
26 Oklahoma $435,450,000
27 Arkansas $408,579,000
28 South Carolina $361,495,000
29 New Mexico $289,685,000
30 Wisconsin $287,839,000
31 Indiana $273,424,000
32 Connecticut $241,416,000
33 Utah $223,518,000
34 Kentucky $221,184,000
35 Hawaii $217,883,000
36 West Virginia $199,276,000
37 Iowa $190,372,000
38 Oregon $187,127,000
39 Montana $177,555,000
40 Rhode Island $171,801,000
41 New Hampshire $158,526,000
42 Delaware $156,626,000
43 Idaho $148,741,000
44 Maine $142,287,000
45 South Dakota $117,056,000
46 Nebraska $94,200,000
47 Vermont $79,994,000
48 North Dakota $75,296,000
49 Alaska $73,921,000
50 Wyoming $39,067,000

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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