The document provides the 2008 indexed tax brackets for individual income tax in Arkansas. It lists 6 income brackets ranging from $0 to over $31,700, along with the applicable tax rates of 1% to 7% for each bracket. It also provides an example calculation of taxes owed for an income between $14,800 to $14,900 to demonstrate how to exactly match the results in the tax table using the midpoint formula.

1. STATE OF ARKANSAS REVENUE DIVISION
Individual Income Tax
Department of Finance Ledbetter Building, Room 2300
7th and Wolfe Streets
and Administration Post Office Box 3628
Little Rock, Arkansas 72203-3628
Phone: (501) 682-7225
Fax: (501) 682-7691
http://www.arkansas.gov/dfa
2008 Indexed Tax Brackets
The new indexed tax tables are based on the following brackets:
At Least But Not More Than Tax Rate
$0 $3,799 1%
$3,800 $7,599 2.5% minus $ 56.99
$7,600 $11,399 3.5% minus $132.98
$11,400 $18,999 4.5% minus $246.97
$19,000 $31,699 6.0% minus $531.95
$31,700 and over 7.0% minus $848.94
If you use a formula to calculate Arkansas income tax, the results must match the table
exactly. The calculations in the table are made at the midpoint of each income level.
EXAMPLE: For income level $14,800 to $14,900.
($14,800 + $14,900)/2=$14,850 x .045 = $668.25 – $246.97 = $421.28 rounded to
$421.00
Tax from table: $421.00
“EQUAL OPPORTUNITY EMPLOYER”