Sales Tax Revenue Soars for February

by Jeff Della Rosa (JDellaRosa@nwabj.com) 32 views 

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.

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