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Tuesday, December 3, 2024

Arkansas's miscellaneous tax revenues down 8.6% since Q1 2023

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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 $53 million in miscellaneous tax revenue during the first quarter of 2023, an 8.6% decrease from the same period the previous year when $58 million was reported, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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

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