Arkansas

The state of Arkansas, like most states, imposes many different taxes on its residents. These taxes include individual and corporate income tax, sales and use tax, and various other taxes. The general state sales and use tax rate is 6%.

The individual income tax return is due on April 15. If the due date falls on a weekend or holiday, taxpayers have until the next business day to mail the return. The tax rates range from a low of 1% to 7%. The tax is reported on Form AR 1000, or Form AR 1000 NR for part year residents or nonresidents.

Corporate income is reported on Form AR 1100 CT, or AR 1100 S for S corporations. These returns are due by the fifteenth day of the third month after the fiscal year-end.

Revenue is also generated for the state by imposing other taxes such as the motor fuel tax, withholding, cigarette and tobacco tax, alcoholic beverage excise taxes, severance tax, soft drink tax, and real property transfer tax.

For additional information on Arkansas taxes or to download forms, visit the Department of Finance and Administration website at www.state.ar.us/dfa.

Are you looking for a CPA, Accounting Firm, or Financial Advisor to assist you with your Arkansas tax reporting, bookkeeping, or general accounting needs? Try the CPA Search feature on this website.