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Arkansas's miscellaneous tax revenues up 14.3% in Q4 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 $64 million in miscellaneous tax revenue during the fourth quarter of 2023, a 14.3% increase over the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $56 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.

Q4 2023 Arkansas Tax Collections

Type of TaxAmount (millions)
Property Taxes$678
Sales and Gross Receipts Taxes$1,634
Income Taxes$856
License Taxes$98
Miscellaneous Taxes$64

Source: U.S. Census Bureau

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