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Wednesday, November 6, 2024

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 Tax2022 amount2021 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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