Sales Tax Revenue Soars for February
February was a solid month for sales tax revenue in Arkansas.
Revenue increased 11 percent compared to February 2015, according to information from Arkansas Department of Finance and Administration.
Cities and counties received $100.75 million in February compared to $91.03 million in February 2015.
In Washington County, revenue rose 18 percent, from $3.42 million to $4.03 million in February 2016. County sales tax rate is 1.25 percent.
Benton County revenue shot up 15 percent, from $3.23 million to $3.70 million. Its tax rate is 1 percent.
Sebastian County’s increased more than 13 percent, from $2.36 million to $2.67 million. Tax rate is 1.25 percent.
Crawford County also had an increase of more than 13 percent, from $876,373 to $990,947. Tax rate is 1.75 percent.
Pulaski County, with a 1 percent tax rate, received the most of any Arkansas county at $6.99 million.
In Fort Smith, revenue went up over 11 percent, from $3.36 million to $3.73 million.
Fort Smith and the following six cities have 2 percent sales tax rates.
Fayetteville’s revenue shot up almost 16 percent, from $3.01 million to $3.49 million.
Rogers’ rose 13 percent, from $2.41 million to $2.72 million.
Springdale’s soared almost 23 percent, from $1.89 million to $2.31 million.
Bentonville boosted its revenue 18 percent, from $1.74 million to $2.05 million.
Van Buren’s hopped 11 percent, from $564,131 to $625,196.
Siloam Springs’ jumped 13 percent, from $530,487 to $604,210.
Little Rock, with a 1.5 percent tax rate, received the most of any Arkansas city at $6.28 million.