August 7, 2026 By Business DailyIn 2024, Arkansas generated $12.7 billion in total tax revenue, including $9.4 million from public utilities license taxes. This amount decreased compared to the $10.2 million collected in the prior year, according to the U.S. Census Bureau's Annual Survey of State Government Tax Collections (STC). The State Government Tax Collections (STC) survey tracks five major tax categories and up to 25 subcategories, gathering data from all 50 state governments and their dependent agencies. In 2024, state tax collections alone amounted to nearly $1.5 trillion nationwide, representing a significant part of overall government operations. Arkansas Tax Collections 2024 vs. 2023