2010 TaxGrams™
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State and Local Taxes
Arkansas State Tax Summary

Arkansas state tax summary, including corporate and individual Arkansas income taxes, credits, exemptions, deductions and more. Includes Arkansas estate, gift and inheritance tax, miscellaneous Arkansas taxes, pass-through entity treatment, payroll taxes, property taxes and Arkansas sales & use taxes.

Arkansas ranks #40 on the State Business Tax Climate Index (TaxFoundation.org).

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    taxmOuth Arkansas Taxes

Arkansas Tax FAQs

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

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

Arkansas Miscellaneous Taxes

Arkansas Pass-through Tax Treatment

Arkansas Payroll Taxes

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

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