Tax shortfall: Check's in the mail | Arkansas Blog

Monday, June 2, 2008

Tax shortfall: Check's in the mail

Posted By on Mon, Jun 2, 2008 at 3:36 PM

Recent news about unexpected dips in local sales tax collections might not be entirely a reflection of a sharp downturn in the economy. The state Department of Finance Administration says a mail distribution delay of some 250 sales tax reporting forms accounts for some $5.5 million in additional sales tax revenue that should be distributed to several cities and counties.

John Theis, the assistant state revenue commissioner, told me further that, while the delayed payments cover localities all over Arkansas, "Once final distributions have been calculated this is going to address many of the shortfalls reported recently by cities and counties in Central Arkansas."



Comments (2)

Showing 1-2 of 2

Add a comment

Subscribe to this thread:
Showing 1-2 of 2

Add a comment

More by Max Brantley

Readers also liked…

  • Your daily dose of Jason Rapert

    Sen. Jason Rapert really, really didn't like it when a KATV reporter asked him about the hypocrisy of his political arguments.
    • Feb 4, 2017
  • French Hill votes against disaster aid to Puerto Rico

    Republican U.S. Rep. French Hill alone among Arkansas's House delegation voted last week against a measure that provided $36.5 billion in disaster aid, a portion  for hurricane-ravaged Puerto Rico as well as money for wildfire response and to support the flood insurance program.
    • Oct 14, 2017
  • Tom Cotton's influence on Trump's new security chief

    U.S. Sen. Tom Cotton is getting credit for pushing President Donald Trump to select Lt. Gen. H.R. McMaster as his national security adviser, Politico reports.
    • Feb 21, 2017


Most Viewed

Most Recent Comments


© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation