Alaska ranks 48th in the U.S. for the most insurance premiums sales tax paid in 2020

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In 2020, Alaska collected $65.6 million in insurance premiums sales tax, ranking it 48th in the United States, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.

The Census Bureau cautions it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Below is a breakdown of how taxes were classified by the bureau and how much was collected.

U.S. insurance premiums sales tax by State in 2020
Rank State Amount
1 California $2,829,718,000
2 Texas $2,741,653,000
3 New York $1,904,118,000
4 Florida $1,225,176,000
5 Tennessee $1,048,375,000
6 Louisiana $933,593,000
7 Pennsylvania $859,583,000
8 Washington $691,393,000
9 New Jersey $686,682,000
10 North Carolina $675,023,000
11 Ohio $640,911,000
12 Maryland $615,000,000
13 Arizona $575,949,000
14 Georgia $554,987,000
15 Virginia $549,082,000
16 Minnesota $530,442,000
17 Massachusetts $470,119,000
18 Michigan $456,600,000
19 Nevada $452,361,000
20 Missouri $446,610,000
21 Alabama $427,848,000
22 Kansas $422,817,000
23 Illinois $392,704,000
24 Mississippi $359,245,000
25 Oklahoma $346,277,000
26 Colorado $337,655,000
27 Arkansas $285,337,000
28 South Carolina $253,175,000
29 Indiana $248,491,000
30 Wisconsin $240,503,000
31 New Mexico $223,338,000
32 Connecticut $190,259,000
33 Hawaii $186,833,000
34 Kentucky $178,083,000
35 Utah $150,390,000
36 Iowa $143,407,000
37 New Hampshire $134,100,000
38 West Virginia $128,500,000
39 District of Columbia $122,993,000
40 Montana $120,822,000
41 Delaware $118,599,000
42 Rhode Island $117,315,000
43 Idaho $112,342,000
44 Maine $109,584,000
45 South Dakota $88,120,000
46 Oregon $76,462,000
47 Nebraska $67,044,000
48 Alaska $65,597,000
49 North Dakota $63,095,000
50 Vermont $60,807,000
51 Wyoming $29,909,000

Source: U.S. Census Bureau



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