Nevada ranked 17th for total insurance premiums taxes revenue in the U.S. in 2024

Joe Lombardo Governor - Official Website
Joe Lombardo Governor - Official Website
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In 2024, Nevada collected $620.9 million in insurance premiums sales taxes, placing it 17th among all U.S. states, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

This marked a 13.5% increase from the $546.9 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
RankStateAmount
1Texas$4,337,503,000
2California$4,013,574,000
3New York$2,494,775,000
4Florida$2,223,757,000
5Tennessee$1,458,851,000
6Louisiana$1,334,058,000
7North Carolina$1,226,119,000
8Pennsylvania$1,017,628,000
9Washington$887,670,000
10Maryland$887,149,000
11Arizona$878,984,000
12Minnesota$845,671,000
13Ohio$794,334,000
14Virginia$768,340,000
15New Jersey$737,875,000
16Massachusetts$692,021,000
17Nevada$620,936,000
18Alabama$612,835,000
19Georgia$562,442,000
20Missouri$551,714,000
21Colorado$547,609,000
22Illinois$533,856,000
23Michigan$529,226,000
24Kansas$514,186,000
25Mississippi$497,792,000
26Oklahoma$435,450,000
27Arkansas$408,579,000
28South Carolina$361,495,000
29New Mexico$289,685,000
30Wisconsin$287,839,000
31Indiana$273,424,000
32Connecticut$241,416,000
33Utah$223,518,000
34Kentucky$221,184,000
35Hawaii$217,883,000
36West Virginia$199,276,000
37Iowa$190,372,000
38Oregon$187,127,000
39Montana$177,555,000
40Rhode Island$171,801,000
41New Hampshire$158,526,000
42Delaware$156,626,000
43Idaho$148,741,000
44Maine$142,287,000
45South Dakota$117,056,000
46Nebraska$94,200,000
47Vermont$79,994,000
48North Dakota$75,296,000
49Alaska$73,921,000
50Wyoming$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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