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The economy of Arkansas produced $176.24 billion of gross domestic product in 2023. [ 1] Six Fortune 500 companies are based in Arkansas, including the world's #1 corporation by revenue, Walmart. [ 8] Arkansas's per capita income for 2023 was $54,347, and the median household income was $55,432, which ranked 47th among U.S. states. [ 2][ 9]
Taxation in the United States. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly. This table includes the per capita tax collected at the ...
State income tax is imposed at a fixed or graduated rate on taxable income of individuals, corporations, and certain estates and trusts. These tax rates vary by state and by entity type. Taxable income conforms closely to federal taxable income in most states with limited modifications. [ 2]
Arkansas Property Tax Payments Due October 15 Check out www.ar-tax.org to find online payment options available in Arkansas counties LITTLE ROCK, Ark.--(BUSINESS WIRE)-- The statewide personal and ...
FIPS state codes were numeric and two-letter alphabetic codes defined in U.S. Federal Information Processing Standard Publication ("FIPS PUB") 5-2 to identify U.S. states and certain other associated areas. The standard superseded FIPS PUB 5-1 on May 28, 1987, and was superseded on September 2, 2008, by ANSI standard INCITS 38:2009.
Following reorganization in 2019, Arkansas state government's executive branch contains fifteen cabinet-level departments. Many formerly independent departments were consolidated as "divisions" under newly created departments under a shared services model.
Overall, the state ranks highest in violent crime rates in the nation, with more than 700 violent crimes per 100,000 residents taking place in 2022, as per the FBI's annual report on crimes.
The Arkansas Department of Finance and Administration (commonly DFA within the state) is a department of the government of Arkansas under the Governor of Arkansas.. The DFA is a cabinet level agency in the executive branch of government responsible for providing citizens with tax, licensure, or child support service and state agencies in their administration and budgeting.