Quantcast

Natural State News

Saturday, November 23, 2024

Arkansas's miscellaneous tax revenues down 17.2% in Q1 2023

Webp iur31alerpyypg0rey6h0011jv8o

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 $53 million in miscellaneous tax revenue during the first quarter of 2023, a 17.2% decrease from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $64 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.

Q1 2023 Arkansas Tax Collections

Type of TaxAmount (millions)
Property Taxes$141
Sales and Gross Receipts Taxes$1,569
Income Taxes$1,015
License Taxes$99
Miscellaneous Taxes$53

Source: U.S. Census Bureau

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS