Arkansas
What's New
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report
August 23, 2018ITEP Testimony “Regarding the Final Report of the Arkansas Tax Reform and Relief Legislative Task Force”
Read the testimony in PDF WRITTEN TESTIMONY SUBMITTED TO: THE ARKANSAS TAX REFORM AND RELIEF TASK FORCE Lisa Christensen Gree, Senior State Tax Policy Analyst Institute on Taxation and Economic Policy…
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blog
October 13, 2017State Rundown 10/13: Soda Taxes, Business Subsidies, and Gas Taxes Considered in Several States
A comprehensive tax study is underway in Arkansas this week as other states hone in on more specific issues. Soda taxes hit setbacks in Illinois and Michigan, business tax subsidies…
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ITEP Work in Action
September 5, 2017Arkansas Advocates for Children and Families: The Trump Tax Plan: What Would It Mean for Arkansas?
Who benefits and who loses under the Trump tax plan? An analysis by the Institute on Taxation and Economic Policy (ITEP) estimates that Arkansas would fare worse under the plan…
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ITEP Work in Action
January 25, 2017Gov. Hutchinson’s low-income tax plan: A good start, but needs work
Governor Asa Hutchinson’s new tax cut proposal includes a break, at long last, for some of the lowest income working families in our state. The bones of this plan are… -
ITEP Work in Action
January 25, 2017Statement on Governor Hutchinson’s Low-Income Tax Plan
The following is a statement from Rich Huddleston, executive director of Arkansas Advocates for Children and Families: Read more here -
ITEP Work in Action
January 11, 2017Akransas Advocates for Children & Families: 6 ways to make 2017 more prosperous for all Arkansans
Legislators have just kicked off the 2017 legislative session, and ideas for big changes are buzzing around the Capitol. AACF will be on the ground advocating for bills that are…
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ITEP Work in Action
January 9, 2017Arkansas Advocates for Children and Families: Problems down the road with governor’s highway plan
“The governor wants to get through the first year by spending down some of the rainy day fund and using part of reamining surplus funds. As far as short term… -
ITEP Work in Action
February 2, 2015Arkansas Advocates for Children and Families: Changing how we tax capital gains
A relatively small number of wealthy Arkansans who make money from the sale of investments reaped the benefits from the capital gains tax cuts passed in 2013. These expensive tax… -
ITEP Work in Action
February 2, 2015Arkansas Advocates for Children and Families: Governor’s tax plan leaves out poorest Arkansans
The governor’s new tax cut plan is a step in the right direction for tax fairness, but leaves out the poorest 20 percent of Arkansans and raises concerns about how…
Related Resources
ITEP Publications about Arkansas
Reports about Arkansas using ITEP data
All items referencing Arkansas
By the Numbers
| Personal Income Tax Features | |
|---|---|
| Range of Tax Rates | 0.9% - 6.9% |
| Standard Deduction |
|
| Personal Exemption | Credit=$26 |
| Dependent Exemption | Credit=$26 |
| Earned Income Tax Credit (EITC) | None |
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| Corporate Income Tax Features | |
|---|---|
| Range of Tax Rates | N/A |
| Income Level at Which Top Rate Applies | N/A |
| Combined Reporting | 1.00% - 6.50% |
| Apportionment Factor (Payroll) | $100,000 |
| Apportionment Factor (Property) | No |
| Apportionment Factor (Sales) | 25% |
| Sales Tax Features | |
|---|---|
| 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 |
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| Property Tax Features | |
|---|---|
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| Other Tax & Revenue Features | |
|---|---|
| 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
RESOURCES
State Tax & Revenue Information
- Arkansas Department of Finance & Administration
- Arkansas Department of Finance & Administration - Office of Budget
- Arkansas Assessment Coordination Department
- Arkansas Legislature - Legislative Fiscal Service Division
Tax Expenditure Reports
State Statutes & Legislation
State Tax Forms
State Statutes & Legislation
State Legislative Summaries
- Arkansas Summary of General Legislation 2016
- Arkansas Summary of Fiscal Legislation 2016
- Arkansas Previous Sessions