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Saturday, October 5, 2024

Residents and visitors to Arkansas paid $9.8 billion in taxes in 2018

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Arkansas collected $9.8 billion in taxes in 2018, a 3.4 percent increase from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Most tax revenue came from sales and gross receipts taxes ($4.8 billion) and income taxes ($3.3 billion).

The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.

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.

Below is a breakdown of how taxes were classified by the bureau and how much was collected.

2018 Arkansas Tax Collections
Type of TaxAmount
Property taxes$1,212,794,000
Sales and gross receipts taxes$4,834,983,000
License taxes$409,856,000
Income taxes$3,256,931,000
Other taxes$128,609,000
General sales and gross receipts taxes$3,498,073,000
Selective sales and gross receipts taxes$1,336,910,000
Alcoholic beverages sales tax$58,036,000
Amusements sales tax$64,580,000
Insurance premiums sales tax$223,362,000
Motor fuels sales tax$492,945,000
Pari-mutuels sales tax$2,335,000
Public utilities sales tax$0
Tobacco products sales tax$226,728,000
Other selective sales and gross receipts taxes$268,924,000
Alcoholic beverages license$6,128,000
Amusements license$488,000
Corporations in general license$29,673,000
Hunting and fishing license$26,672,000
Motor vehicle license$164,617,000
Motor vehicle operators license$22,631,000
Public utilities license$8,346,000
Occupation and business license, nec$149,452,000
Other license taxes$1,849,000
Individual income taxes$2,866,175,000
Corporations net income taxes$390,756,000
Death and gift taxes$0
Documentary and stock transfer taxes$44,892,000
Severance taxes$54,655,000
Taxes, nec$29,062,000

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