Arkansas Taxable Sales – 2012:Q2 (Preliminary*)

Weakness in sales and use tax collections in July suggests a downturn in Arkansas Taxable Sales (ATS) in the second quarter.  According to the data from the July general revenue report — which roughly correspond to sales during the month of June — sales...

Revised Data on Arkansas Taxable Sales

Final data on Arkansas Taxable Sales (ATS) for 2011:Q4 are now available, but there is little news to report.  Based on new information from the Department of Finance and Administration on sales tax and gasoline tax receipts, the data on both ATS and the broader...

Arkansas Taxable Sales (Including Gasoline) – 2011:Q1

High Gasoline Prices Divert Spending Preliminary data indicated that Arkansas Taxable Sales (ATS) increased only modestly in the first quarter of 2011 (+0.7%), and had shown little net growth over the past three quarters (+0.6%).  Based on information released last...

Arkansas Capital Gains Tax Cut

HB1002 has become a controversial proposal before the state’s legislature.  As reported by Talk Business, the sponsor of the bill — Rep. Ed Garner (R-Maumelle) — has cited “a UALR study” that shows the revenue impact of the proposed tax...

Arkansas Taxable Sales – Revised Data for 2010:Q2

“Sales rose by 3.0 percent, rather than the 4.0 percent previously reported.”    The reason:  “Grocery sales, as a percent of total sales, dropped sharply in June.  This could actually be a positive development.” The preliminary estimate for...

Arkansas Taxable Sales up 4% in the Second Quarter

The July General Revenue Report  from the Department of Finance and Administration (DFA) showed that gross receipts collections (primarily sales and use taxes) were up sharply in July– 8.9 percent higher than the previous year and 2.7 percent above the DFA...
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