Quantcast

Peach Tree Times

Friday, November 1, 2024

Georgia ranks 20th in the U.S. for the most insurance premiums sales tax paid in 2022

Adobestock 226444001

Adobe Stock

Adobe Stock

In 2022, Georgia collected $482,092,000 in insurance premiums sales tax, ranking it 20th 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 2022
RankStateAmount
1California$3,319,048,000
2Texas$3,121,923,000
3New York$2,409,677,000
4Florida$1,571,412,000
5Tennessee$1,223,183,000
6Louisiana$1,080,293,000
7North Carolina$1,003,553,000
8Pennsylvania$913,085,000
9Washington$823,878,000
10Maryland$791,320,000
11New Jersey$747,723,000
12Arizona$732,224,000
13Minnesota$718,431,000
14Virginia$683,923,000
15Ohio$675,158,000
16Massachusetts$587,997,000
17Nevada$518,019,000
18Alabama$513,226,000
19Illinois$491,053,000
20Georgia$482,092,000
21Kansas$466,396,000
22Missouri$465,920,000
23Michigan$398,371,000
24Mississippi$383,652,000
25Oklahoma$349,723,000
26Arkansas$345,234,000
27Colorado$338,355,000
28South Carolina$289,114,000
29Indiana$257,529,000
30Wisconsin$247,174,000
31New Mexico$235,866,000
32Hawaii$201,859,000
33Connecticut$191,176,000
34Utah$189,609,000
35Kentucky$179,015,000
36Rhode Island$159,612,000
37Montana$153,056,000
38Iowa$152,546,000
39Delaware$146,051,000
40Idaho$137,183,000
41New Hampshire$136,733,000
42Maine$136,120,000
43West Virginia$135,847,000
44South Dakota$97,571,000
45Oregon$85,403,000
46Nebraska$78,815,000
47North Dakota$75,216,000
48Vermont$68,799,000
49Alaska$68,590,000
50Wyoming$33,611,000
Source: U.S. Census Bureau

MORE NEWS