Arkansas – Officials Brace For Decreases In Sales Tax Revenue

Officials from both Fort Smith and Sebastian County are unsure exactly what effect the coronavirus pandemic will have on sales tax revenue. The uncertainty comes after Gov. Asa Hutchinson ordered the closure of all bars and restaurant dining rooms in Continue reading Arkansas – Officials Brace For Decreases In Sales Tax Revenue

Arkansas – State Revenue for November Sets a Record

Arkansas’ general-revenue tax collections in November increased by $23 million, or 4.7%, over what the state took in for the same month a year ago to $515.2 million, largely as a result of surging individual income-tax receipts and rising sales Continue reading Arkansas – State Revenue for November Sets a Record

MULTI STATE – 10 States With the Highest Sales Taxes

Before you embark on a shopping spree in any of the 10 worst states for sales taxes, make extra room in your budget. Tennessee, for example, is in a tie for the highest sales tax in the country, at 9.47%, once Continue reading MULTI STATE – 10 States With the Highest Sales Taxes

ARKANSAS – Alderman proposes 1/4% sales tax if other sales tax proposal fails

Alderman Bobby Long released a statement Tuesday, outlining his plans to help fund fire and police salaries if the ‘Team Jonesboro’ initiative fails. In the release, Long would propose an ordinance for a ¼% tax increase that would only address Continue reading ARKANSAS – Alderman proposes 1/4% sales tax if other sales tax proposal fails

Arkansas – Medical Marijuana Sales In Arkansas Top $6M As Patients Procure 800 Pounds Of It

Arkansas medical marijuana sales have eclipsed $6.04 million, the state reported last week, three months after the drug debuted in the Natural State. In total, more than 800 pounds of cannabis has been legally sold by Arkansas’ eight operating dispensaries Continue reading Arkansas – Medical Marijuana Sales In Arkansas Top $6M As Patients Procure 800 Pounds Of It

Arkansas – Senate Forwards Internet Tax Bill To Hutchinson

Out-of-state sellers start levy in July, finance agency says The Senate on Monday sent the governor legislation that would make several tax code changes, including requiring out-of-state online sellers to collect sales and use taxes from in-state purchasers. The Senate Continue reading Arkansas – Senate Forwards Internet Tax Bill To Hutchinson

Multi-State – States Renew Push for Taxes On Sugary Drinks

Nearly three decades after a U.S. state last imposed a special tax on sugary drinks, Connecticut’s governor is pushing for one to help close a budget deficit — and bracing for a fight. Taxes on soda and other sugar-loaded drinks Continue reading Multi-State – States Renew Push for Taxes On Sugary Drinks

ARKANSAS – Senate Approves Large Tax Cuts

The Senate has already approved several large tax cuts this session, and another one is on its agenda. Senate Bill 576 will make far-reaching changes in the state corporate income tax code, to the extent that the Department of Finance Continue reading ARKANSAS – Senate Approves Large Tax Cuts

Arkansas – Online Sales-Tax Bill Sails In Arkansas Senate 27-3

A bill that would change several tax laws — including requiring out-of-state online sellers to collect sales and use taxes from in-state purchasers and changing the state’s corporate income-tax code — cleared the Arkansas Senate on Monday. The Senate voted Continue reading Arkansas – Online Sales-Tax Bill Sails In Arkansas Senate 27-3

ARKANSAS – House Committee Kills Bill To Collect Tax For Internet Sales

Legislation that would require out-of-state online sellers to collect sales and use taxes from in-state purchasers and change the state’s corporate income tax code failed to clear the House Revenue and Taxation Committee on Thursday. In a voice vote with Continue reading ARKANSAS – House Committee Kills Bill To Collect Tax For Internet Sales