Minimum Sales Rate Tax for 2024
| 6.50% | Column content | Column content | Column content | Column content | |
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| Scientific & Cultural Fac.(cd) | Column content | Column content | Column content | Column content | |
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| Minimum combined sales tax rate value | 8.5% | Column content | Column content | Column content | Column content |
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| Economic sales nexus threshold | $100,000 | Column content | Column content | Column content | Column content |
| Transactions threshold | 200 | Column content | Column content | Column content | Column content |
| Sales tax return filing due date | 20th of the month following the reporting period. | Column content | Column content | Column content | Column content |
The base state sales tax rate in Arkansas is 6.5%, but since the city-specific tax rate is 1%, and the Craighead County tax rate is 1%, the minimum sales tax rate for Jonesboro is 8.5%.
How to calculate your sales tax rate
Use our online sales tax calculator to determine the combined state and local sales tax rate for each location where you have a physical or economic nexus. Just enter your state and ZIP code to get your sales tax rate.
Looking for help calculating your sales tax? Contact us today to book a free consultation!
What is nexus?
In Jonesboro, businesses must understand “nexus” to determine their tax obligations. Nexus refers to the connection that requires a business to collect sales tax in a state. This concept became even more important after the U.S. Supreme Court’s decision in South Dakota v. Wayfair, Inc., which allowed states to require sales tax collection based on economic activity rather than just a physical presence.
Specific sales tax rules for Jonesboro
Jonesboro imposes a variety of taxes on specific goods and services. There is a 5% tax on alcoholic beverages, a 2% tax on prepared foods, and a 4% tax on hotel and motel accommodations. Additionally, businesses are subject to a 4.25% franchise tax
Services
Generally not taxed unless connected to the sale of physical goods.
Goods
Most physical items, including appliances, cars, furniture, sporting goods, and electronics, are typically taxable.
Clothing
Typically subject to sales tax.
Electronics
Taxable.
SaaS
Not taxable.
Digital Products
Subject to sales tax.
Software
Downloaded software is taxable, while pre-installed software is considered part of the device and exempt from tax.
Freight/Shipping
Shipping costs are not taxed unless bundled with the price of a taxable item.
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