Knowledge is Power: Arkansas Government 101: Sales Tax Exemptions and Excise Taxes

This past week the Tax Relief and Reform Task Force met to discuss Sales Taxes, Sales Tax Exemptions, and Excise Taxes. Learn below about these important taxes and how much they cost YOU!

Sources:

Questions 1,2,6,7,9,10: http://www.arkleg.state.ar.us/bureau/fiscal/Publications/H.%20%20Tax%20Handbook/2016%20Tax%20Handbook.pdf

Questions 3,4,5: http://www.dfa.arkansas.gov/offices/exciseTax/salesanduse/Documents/SalesTaxExemptionsFY2011.pdf

Question 8: National Association of Insurance Commissioners, Retaliation Guide, December 2016, as compiled and reported by PFM Consulting Group to the AR Legislative Tax Reform and Relief Task Force, November 2017.

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* 1. What is the state tax rate on the purchase of gasoline?

15 cents per gallon

17 cents per gallon

19 cents per gallon

21.5 cents per gallon

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* 2. In Fiscal Year 2016, how much general revenue was generated from the gas tax?

$250 million

$300 million

$400 million

$438 million

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* 3. Which of the following are Sales Tax exemptions under Arkansas law?

Partial sales tax exemption on food and food ingredients

Purchases made with food stamps

Sales to any non-profit hospital, sanitarium or nursing homes

All of the above

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* 4. In Fiscal Year 2011 (the latest data from the AR Department of Finance and Administration), how much did the sales tax exemption for sales to any non-profit hospital, sanitarium and nursing homes cost the state?

$25 million

$50 million

$84 million

$104 million

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* 5. In Fiscal Year 2011 (the latest data from the AR Department of Finance and Administration), how much did the sales tax exemption for purchases made with food stamps cost the state?

$10 million

$23 million

$35 million

$46 million

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* 6. At what rate does the state of Arkansas tax insurance premiums?

0.5%

1.0%

2.0%

2.5%

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* 7. In Fiscal Year 2016, how much general revenue was generated from the Insurance Premium Tax?

$25 million

$60 million

$89 million

$101 million

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* 8. Where does Arkansas rank compared to other states on the its insurance premium tax rate?

30th Highest

20th Highest

15th Highest

10th Highest

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* 9. At what rate does Arkansas tax cigarettes?

$0.55 per package of 20 ciagrattes

$0.75 per package of 20 cigarettes

$1.00 per package of 20 cigarettes

$1.15 per package of 20 cigarettes

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* 10. In Fiscal Year 2016, how much revenue did the state of Arkansas generate from the cigarette tax?

$100 million

$120 million

$150 million

$170 million

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* 11. Have you subscribed to Conduit for Action's email list to get new surveys and articles automatically sent to your inbox?

Yes.

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Question Title

* 1. What is the state tax rate on the purchase of gasoline?

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* 2. In Fiscal Year 2016, how much general revenue was generated from the gas tax?

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* 3. Which of the following are Sales Tax exemptions under Arkansas law?

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* 4. In Fiscal Year 2011 (the latest data from the AR Department of Finance and Administration), how much did the sales tax exemption for sales to any non-profit hospital, sanitarium and nursing homes cost the state?

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* 5. In Fiscal Year 2011 (the latest data from the AR Department of Finance and Administration), how much did the sales tax exemption for purchases made with food stamps cost the state?

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* 6. At what rate does the state of Arkansas tax insurance premiums?

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* 7. In Fiscal Year 2016, how much general revenue was generated from the Insurance Premium Tax?

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* 8. Where does Arkansas rank compared to other states on the its insurance premium tax rate?

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* 9. At what rate does Arkansas tax cigarettes?

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* 10. In Fiscal Year 2016, how much revenue did the state of Arkansas generate from the cigarette tax?

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* 11. Have you subscribed to Conduit for Action's email list to get new surveys and articles automatically sent to your inbox?

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* 12. In what town do you live?