In 2024, Arkansas collected $408.6 million from insurance premiums sales taxes as part of its total tax revenue of $12.7 billion. This amount reflects a rise compared to the $374.9 million recorded in the prior year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).
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…