Independence County Profile

Independence County Demographics

 

City of Batesville Demographics

 

Tax Information

 

State of Arkansas Taxes

Corporate income tax

The corporate income tax is a graduated tax on net income: the rates incrementally increase for higher amounts of income, with the highest bracket being net income of $100,000 or more; rates range from 1% to 6.5%. The specific breakdown is as follows:

  • amounts up to $3,000 of net income taxed at 1%
  • amounts from $3,001 to $6,000 of net income taxed at 2%
  • amounts from $6,001 to $11,000 of net income taxed at 3%
  • amounts from $11,001 to $25,000 of net income taxed at 5%
  • amounts from $25,001 to $100,000 taxed at $940 plus 6% of the amount over $25,000; and
  • amounts exceeding $100,000 taxed at $5,440 plus 6.5% of the amount over $100,000.

Payment of the corporate income tax is due two-and-a-half months after the end of the tax period covered. Thus, for corporations whose tax year follows the calendar year, the tax is due on March 15th.

Source: http://www.nolo.com/legal-encyclopedia/arkansas-state-business-income-tax.html

Franchise tax

Arkansas’s corporation franchise tax applies to the most common types of stock corporations as well as to LLCs. For stock corporations, the tax is 0.3% of the value of the corporation’s outstanding stock with a minimum tax of $150. LLCs are required to pay the minimum $150 franchise tax. The franchise tax is due on May 1st.

Source: http://www.nolo.com/legal-encyclopedia/arkansas-state-business-income-tax.html

Property Tax

There is no state property tax.

Sales Tax

Arkansas has a 6.5% sales tax rate.

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Independence County Taxes

Sales Tax

Independence County has a 1.75% sales tax rate.

Personal Property Tax

The deadline to assess personal property taxes is March 31st. The deadline to pay personal property taxes is October 15th.

Millage Rates

Appraisal Information

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Highways

 

Rail Lines

 

Airports