Arkansas Tax FAQs

• taxmOuth Arkansas Tax FAQs

Arkansas Tax Forms

• taxmOuth Arkansas Tax Forms

Arkansas Corporate Taxes

• taxmOuth Arkansas Corporate Taxes
• Arkansas Tax Rates & Brackets:
  
  1%> $0
  2%> $3,000
  3%> $6,000
  5%> $11,000
  6%> $25,000
  6.5%> $100,000
  
• Loss Carry-back/fwd: 0 Years Back / 5 Years Forward (Unlimited)
• Throwback Sales?: Y
• Foreign Tax Deductible?: Y
• Alternative Minimum Tax (AMT): N
• Gross Receipts Tax: N
• Capital Stock (Net Worth) Tax?: 0.300% (Unlimited)

Arkansas Tax Incentives and Credits

• taxmOuth Arkansas Tax Credits
• Job Credits?: Y
• R&D Credits?: Y
• Investment Credits?: Y

Arkansas Individual Income Taxes

• taxmOuth Arkansas Individual Income Taxes
• Arkansas tax rates and brackets:
  
  1%> $0
  2.5%> $3,800
  3.5%> $7,600
  4.5%> $11,400
  6%> $19,000
  7%> $31,700
  
• Local Option IT Rate: 0.60%
• Federal Inc used as Base?: N
• Standard Deductions: $2,000 / Joint $4,000
• Personal Exemptions/Credits (c): Single $22(c) / Joint $44(c) / Dependent $22(c)
• Federal Tax Deductible?: N
• State Tax Deductible?: Y
• Alternative Minimum Tax (AMT)?: N

Arkansas Estate, Gift and Inheritance Taxes

• taxmOuth Arkansas Estate and Gift Taxes
• Gift Tax?: N
• Estate Tax?: Copies Federal
• Inheritance Tax?: N
• Generation-Skipping Tax?: N

Arkansas Miscellaneous Taxes

• taxmOuth Arkansas Miscellaneous Taxes
• Gas Tax: 21.8 cents/gallon
• Diesel Tax: 22.8 cents/gallon
• Cigarette Tax: 115.0 cents/20 pack

Arkansas Pass-through Tax Treatment

• taxmOuth Arkansas Pass-through Entity Tax
• LLC Pass-through Recognized?: Y
• S-Corp Pass-through Recognized?: Y

Arkansas Payroll Taxes

• taxmOuth Arkansas Payroll Taxes
• Unemployment Insurance Tax Index (TaxFoundation.org): #17

Arkansas Property Taxes

• taxmOuth Arkansas Property Taxes
• Median Tax Paid on Homes (Rank): $534 (#46)
• Median Value of Homes: $105,700
• Tax as % of Home Value (Rank): 0.51% (#43)
• Median Income of Homeowner: $49,032
• Tax as % of Income (Rank): 1.09% (#46)

Arkansas Sales and Use Taxes

• taxmOuth Arkansas Sales and Use Taxes
• State Rate: 6.0%
• County & City (Weighted Ave): 1.79%
• Combined State and Ave. Local Rates (Rank): 7.79% (#10)
• General Treatment of Services: Many Taxable
• Gasoline: Exempt
• Groceries: Partial