State Sen. Jonathan Dismang has filed a bill to repeal the throwback rule for corporate income in Arkansas. According to Dismang, the income tax apportionment throwback rule hampers economic development in Arkansas, by increasing the burden on companies creating jobs…
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corporate income tax
- AMP NewsBusinessPolitics
In October, Arkansas Reports 12.2 Percent Net Revenue Year-to-Date Growth Over Last Year
by Tyler Haleby Tyler HaleDespite a pandemic, Arkansas has managed to pull in more revenue so far in 2020, compared to the same period in 2019. The Arkansas Department of Finance and Administration released its October revenue report on Tuesday, Nov. 3, showing that…
- AMP NewsBusiness
Arkansas Pulls in Higher Revenue Than Expected in December
by AMP Staffby AMP StaffArkansas had a higher revenue pull in December than forecast, according to the state Department of Finance and Administration. Corporate income tax and sales tax collections helped bolster the revenue, increasing it above projections. According to DFA numbers, the state…