Arkansas’ New 15.5% Top Income Tax Rate

by | Dec 9, 2021

The Arkansas legislature adopted major income tax legislation this week, with the accomplished goal of lowering the marginal tax rate on high incomes from 5.9% in 2021 to 5.5% in 2022, with further reductions scheduled for subsequent years that would reduce the top...

Arkansas Taxable Sales – 2014:Q2

by | Sep 4, 2014

Newly compiled data on Arkansas Taxable Sales (ATS) suggests a slight slowdown in spending during the second quarter of 2014.   After surging 1.3% in the first quarter, ATS fell 0.3% in the second quarter (seasonally adjusted).  Compared to a year earlier, ATS was up...

Arkansas Taxable Sales – 2013:Q3

by | Dec 12, 2013

Arkansas Taxable Sales (ATS) declined slightly in the third quarter, down 0.3% from the previous quarter (seasonally adjusted).  Compared to the same period a year earlier, however, ATS was up 5.7%.  ATS includes all items subject to Arkansas sales and use taxes, so...

Arkansas Taxable Sales – 2012:Q4 (Preliminary*)

by | Feb 7, 2013

The most recent General Revenue Report  from the Department of Finance and Administration (DF&A) indicated a slight decline in sales and use tax revenue compared to the previous year, but both of the previous months’ reports had shown year-over-year...

Arkansas Taxable Sales – Final Data for 2012:Q2

by | Aug 27, 2012

CORRECTION – 9/6/12:  Due to a data transcription error, the previously-reported final figures for June 2012 (and hence, the second quarter) were incorrect.  The text, tables, chart, and downloadable spreadsheet below have been revised to reflect the corrected...

Collins vs. Brummett on State Income Taxes: A Comment

by | Aug 13, 2012

Over the past few weeks, columnist John Brummett and state Representative Charlie Collins have been engaging in a public debate about Collins’ suggestions for modifying the personal income tax structure in Arkansas.  Collins’ proposal is to eliminate the...
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