The Arkansas revenue collection report for April 2022, which reached over $1 billion for the first time, was the largest month of revenue collection in state history, according to the Arkansas Department of Finance and Administration. Net revenue collection in…
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Arkansas Medical Marijuana Purchases Surpass $20 Million in January
by AMP Staffby AMP StaffThe Arkansas Department of Finance and Administration has reported medical marijuana patients spent $20.53 million in January at 37 dispensaries across the state to obtain 3,731 pounds. Natural Relief Dispensary in Sherwood, a city in the Little Rock metro, had…
Robert Brench has been named as the state budget director in the Arkansas Department of Finance and Administration (DFA). DFA Secretary Larry Walther announced that Brench would be taking the position, which will charge him with building a budget for…
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House Report: DFA Adjusts Income Tax Withholding Tables for 2021
by AMP Staffby AMP StaffArkansans may see an increase in the amount of their paychecks next year. The Arkansas Department of Finance and Administration (DFA) announced this week that the income tax withholding tables will change effective January 1, 2021. DFA says this change…
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Starting in 2021, DFA Will Collect Arkansas Franchise Taxes
by AMP Staffby AMP StaffStarting in 2021, the Arkansas Department of Finance and Administration (DFA) will begin collecting and processing franchise taxes. The DFA will begin accepting franchise taxes on Jan. 1, 2021, per Act 819 of the 2019 legislative session. Previously, the Arkansas…
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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…