Arkansas collected 11.3% more in pari-mutuels sales tax in 2022

Arkansas collected 11.3% more in pari-mutuels sales tax in 2022
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Of the $12.8 billion in taxes collected by Arkansas in 2022, $1.9 million came from pari-mutuels sales tax, an 11.3 percent increase over the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Arkansas collected $1.7 million in pari-mutuels sales tax in 2021.

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 sets the tax classifications among the survey categories and cautions they may differ from the classifications set by the state governments.

Below is a breakdown of how taxes were classified by subcategory and how much was collected.

Arkansas Tax Collections 2022 vs. 2021
Type of Tax 2022 amount 2021 amount
Individual income taxes $3,717,880,000 $3,467,141,000
Amusements license $1,058,000 $1,131,000
Public utilities license $8,940,000 $9,135,000
Documentarty and stock transfer taxes $87,752,000 $67,983,000
Alcoholic beverages license $7,146,000 $5,858,000
Alcoholic beverages sales tax $75,051,000 $68,024,000
General sales and gross receipts taxes $4,587,956,000 $4,187,473,000
Corporations net income taxes $826,703,000 $618,457,000
Other selective sales and gross receipts taxes $290,427,000 $293,212,000
Corporations in general license $42,395,000 $32,373,000
Motor vehicle operators license $19,158,000 $19,739,000
Taxes, NEC $70,174,000 $55,374,000
Selective sales and gross receipts taxes $1,628,175,000 $1,565,355,000
Pari-mutuels sales tax $1,858,000 $1,670,000
Other license taxes $1,133,000 $936,000
Tobacco products sales tax $223,936,000 $233,224,000
Severance taxes $84,054,000 $33,004,000
Motor vehicle license $189,242,000 $178,731,000
Motor fuels sales tax $606,201,000 $588,223,000
Hunting and fishing license $30,397,000 $30,622,000
Amusements sales tax $85,468,000 $70,993,000
Insurance premiums sales tax $345,234,000 $310,009,000
Occupation and business license, NEC $147,819,000 $145,326,000

Source: U.S. Census Bureau



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