With Arkansas being one of the few states to pass the balanced-budget amendment, this makes it a smart place to start and grow a business. The State’s low cost business environment has helped it to secure jobs and population growth.

---

Income

• 0.9 – 7% personal (tax year beginning January 1, 2014)
• 0.9 – 6.9% personal (tax year beginning January 1, 2015)
• 1.0 – 6.5% corporate

Franchise

• Corporation with stock: 0.3% of the outstanding stock (minimum $150)
• Corporation without stock: $300    

​Unemployment Insurance

• 4.0 % on the first $12,000 until employment is established
• Contribution rates range between 1.2% - 13.1%

Workers Compensation

• Options include: Medical care, rehabilitation services, or cash payments
• 66% and 2/3 of injured worker’s average weekly wage, not to exceed $724.53

Property

Jessieville…........................0.0376
Lake Hamilton……………….....0.0483
Hot Springs……………………....0.0413
Lakeside………………………...….0.0393
Fountain Lake…………………...0.0384
Cutter Morning Star………....0.0431
Mountain Pine……………….....0.0465
* No state property tax, local tax based on school districts   
​​
Sales and Use

​City of Hot Springs……….……1.5%
Garland County……………………1.5%
State of Arkansas……..……....6.5%
Total……………………....…….…9.5%

Hotel Occupancy 5.0%