Andy Babbitt Arkansas Comptroller at Department of Finance & Administration | Arkansas Department of Finance & Administration
Andy Babbitt Arkansas Comptroller at Department of Finance & Administration | Arkansas Department of Finance & Administration
Overall, Arkansas collected $2.7 billion in taxes during the first quarter of 2022, compared to $3.1 billion in the previous quarter.
The majority of the state’s tax revenue was collected through general sales and gross receipts taxes ($1.5 billion) and income taxes ($927 million).
In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.
The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.
| Type of Tax | Amount (millions) |
|---|---|
| Sales and Gross Receipts Taxes | $1,489 |
| Income Taxes | $927 |
| Property Taxes | $157 |
| License Taxes | $98 |
| Other Taxes | $58 |
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