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Arkansas collects $98 million in license tax revenue in Q4

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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 $98 million in license taxes during the fourth quarter of 2023, 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 it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments. Also, not all states collect all types of taxes.

Overall, Arkansas collected $3.3 billion in combined tax revenues in Q4.

Q4 Arkansas Tax Collections

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

Source: U.S. Census Bureau

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