Arkansas Sales and Use Tax Rate Increases July 1, 2013

Effective July 1, 2013, the Arkansas Sales and Use Tax percentage is increasing from 6% to 6.5%.

You should make sure your computerized or manual accounting system reflects the new 6.5% rate effective July 1, 2013.  The Arkansas Sales and Use Tax website says that the 6.5% rate is in effect for approximately the next 10 years and will end when there are no bonds outstanding to which tax collections have been allocated.

The State of Arkansas usually provides updated Sales and Use Tax paper reports with the new tax rates, so watch your mail in the next few weeks for the updated forms.  You can also visit http://www.dfa.arkansas.gov/offices/exciseTax/salesanduse/Documents/whatsnew2013.pdf for additional information.  If you have any questions please give Andrew Griffith a call or email andrew.griffith@bellandcompany.net