Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
DFA presents December revenue report; lawmakers ask about severance tax decline and taxation of internet audio calls
Summary
Paul Goring of DFA and Richard Wilson presented a December revenue report showing Arkansas collections ahead of last year and slightly ahead of the revised forecast; senators asked DFA to follow up on a decline in natural gas severance tax allocations to counties and requested a study into whether internet/VoIP audio calls ("Facebook audio") are being captured for taxation.
The Department of Finance and Administration presented a December revenue report to the Senate Revenue & Tax Committee showing the state is ahead of collections from the same six‑month period last year and modestly ahead of the revised official forecast.
"On a gross collections basis, we're currently $137,600,000 ahead of the same six‑month period last year," Richard Wilson reported, and he said net collections were $163,200,000 ahead, with an annualized net growth rate of about 6.1 percent. Wilson also noted the state was $17,000,000 ahead of the November…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
