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Arkansas's miscellaneous tax revenues up 8.6% in Q2 2022

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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

Arkansas collected $63 million in miscellaneous tax revenue during the second quarter of 2022, an 8.6% increase over the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $58 million in the previous quarter.

Net sales reflect companies' total revenue stream, minus the costs of discounts, allowances and product returns.

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.

Q2 2022 Arkansas Tax Collections

Type of TaxAmount (millions)
Property Taxes$465
Sales and Gross Receipts Taxes$1,740
Income Taxes$1,652
License Taxes$135
Miscellaneous Taxes$63

Source: U.S. Census Bureau

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