Arkansas Reports & Information

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Arkansas
By the Numbers

Arkansas Below is a snapshot of key features of Arkansas's tax system. (Scroll Down)
Personal Income Tax Features (2015)
  • Range of Tax Rates: 0.9% - 6.9%
  • Standard Deduction: $2,200 ($4,400 for Married Couples)
  • Personal Exemption: Credit=$26
  • Dependent Exemption: Credit=$26
  • Earned Income Tax Credit (EITC): None
  • Notable capital gains preference
Corporate Income Tax Features (2015)
  • Range of Tax Rates: 1.00% - 6.50%
  • Income Level at Which Top Rate Applies: $100,000
  • Combined Reporting: No
  • Apportionment Factor (Payroll): 25%
  • Apportionment Factor (Property): 25%
  • Apportionment Factor (Sales): 50%
Sales Tax Features (2015)
  • State Sales Tax Rate: 6.50%
  • Average Local Sales Tax Rate: 2.45%
  • Average Combined State & Local Sales Tax Rate: 8.95%
  • State Sales Tax Treatment of Groceries: 1.5%
  • Local Sales Tax Treatment of Groceries: Taxed
  • Number of Services Taxed: 72 out of 168 surveyed (2007)
  • Streamlined Sales Tax Membership: Full
  • "Amazon law" in effect
  • Vendor Compensation available with high ceiling
  • Sales tax holiday offered in 2014
Property Tax Features (2015)
  • Provides a homestead credit.
Other Tax & Revenue Features (2015)
  • Gasoline Tax Rate (per gallon): $0.218
  • Diesel Tax Rate (per gallon): $0.228
  • Cigarette Tax Rate (per pack): $1.15
  • Estate or Inheritance Tax: No
  • Net Lottery Sales Per Capita: $124 (2010)
Tax Policy Oversight
  • Tax Expenditure Report: Yes, but excludes at least one major tax
  • Tax Incidence Analysis Capability: None

Last Updated January 13, 2015

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