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The treasurer of Arkansas acts as the head banker for the State of Arkansas, handling deposits, withdrawals, redemptions of state warrants, and investments of state funds. The position was created in 1819 when Arkansas became a territory .
Following reorganization in 2019, Arkansas state government's executive branch contains fifteen cabinet-level departments. ... Office of Income Tax Administration
Arkansas imposes a state income tax with six brackets, ranging from 1.0% to 7.0%. The first $9,000 of military pay of enlisted personnel is exempt from Arkansas tax; officers do not have to pay state income tax on the first $6,000 of their military pay.
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Penalty for Failure to Timely Pay Tax: If a taxpayer fails to pay the balance due shown on the tax return by the due date (even if the reason of nonpayment is a bounced check), there is a penalty of 0.5% of the amount of unpaid tax per month (or partial month), up to a maximum of 25%.
From legal fines to paying out-of-pocket for a car accident, Bankrate is here to help you navigate Arkansas insurance laws to ensure you have the appropriate coverage to protect you and your finances.
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