Thursday, February 2, 2012
Taxes State tax revenue up in January
Posted by Max Brantley on Thu, Feb 2, 2012 at 9:50 AM
The monthly Arkansas revenue report says gross collections were up in January over the same month a year ago — by 4.3 percent against January 2011 and by 2.8 percent against the forecast.
Brightest spot, I'd say, was an increase in sales tax collections. The individual income tax collection was static, however.
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I say give it all to Justin 'god-loving' (self-proclaimed) Harris and every Chamber of Commerce in the state. Lord knows they need the money to create more jobs and increase the size of the middle class.
Whoa, my fingers kept spasming as I typed that.
The Sales Tax in Little Rock went up an entire percent beginning January 2012. That is definitely going to make a difference in the overall state revenue (LR is the largest city in the state).
Buffalogirl, Little Rock city tax revenues are not included in Arkansas state tax revenues. Different pots of money.
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