State Tax Revenue Drops 21% in April After Storms Push Back Filing Deadlines

Arkansas revenue dropped sharply in April; state cites income tax deadline extension

Arkansas’s net available general revenue in April dropped by 21%, or $171 million, compared to the same month a year ago, DFA said.

State Tax Revenue Drops 21% in April After Storms Push Back Filing Deadlines

Arkansas’ net available general revenue in April totaled $647.9 million, marking a decline of $170.9 million, or 20.9%, from the same month last year, the Department of Finance and Administration reported Friday. April’s net available general revenue was $79.5 million, or 10.9%, below forecast, a shortfall that primarily stems from lower collections in individual and corporate income taxes. Jim Hudson, secretary of the Department of Finance & Ad…