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Since 1 January 2019, Arkansas' state sales tax on unprepared food (groceries) was reduced to 0.125% (penny per $8) from 1.5%. Sales taxes on groceries had previously been reduced to 1.5% from 2% on July 1, 2011, to 2% from 3% on July 1, 2009, and to 3% from 6% on July 1, 2007. Local sales taxes on groceries remained unchanged.
Median household income and taxes State Tax Burdens 2022 % of income. 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.
A new analysis of the Nov. 5 ballot measure aiming to eliminate state sales taxes on groceries projects state revenue losses ranging from $134 million to $646 million annually.. On Tuesday in ...
Supporters call the measure a long-overdue effort to take the tax burden off low-income families and individuals. Poll shows support for grocery tax repeal, but critics warn of budget crunch Skip ...
Here are dozens of odd and sometimes unbelievable state tax laws -- including a number of regulations that could save consumers money.
Sales and use taxes in Arkansas are voter approved and collected by the Arkansas Department of Finance and Administration. Arkansas's statewide sales and use tax has been 6.5% since July 1, 2013. [19] Marion County has an additional sales and use tax of 1.75%, which has been in effect since April 1, 2017.
LOSTs are always appended onto a state's base sales tax rate, most commonly at a rate of 1%. For example, in Iowa, the base sales tax rate is 6% statewide, or six cents per dollar. [1] [2] If a city or county in Iowa were to implement a local option sales tax, this would result in a 7% sales tax rate, or seven cents per dollar. Since a LOST is ...
House Bill 1955 eliminates the state portion of the grocery tax, ... we eliminated the 4.5% state sales tax on groceries. When this tax cut takes effect on Aug. 29, it will make a tangible ...