State revenue still moving up | Arkansas Blog

Tuesday, January 4, 2011

State revenue still moving up

Posted By on Tue, Jan 4, 2011 at 10:04 AM

The state revenue report for December showed income up over the same month last year, though below forecast because of a drop in corporate income taxes and increase in corporate tax refunds. Officials said that the corporate tax number is volatile, however, and commented:

The key collection categories of individual withholding and sales tax (gross receipts) continued to perform well and in concert with economic recovery in the state.

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