“There is significant evidence that reductions in marginal state tax rates encourage state economic growth …Rates on productive behavior should be reduced.” “Arkansas Policy Foundation, Murphy Commission project, 1998
(June 2019) Arkansas policymakers have reduced the state capital gains tax. Opponents claim the reduction only benefits a small group but public records show nearly one in eight Arkansas taxpayers pay annual capital gains taxes.
| Year | Individual Returns with Capital Gains | Total Returns1 | Percentage |
| 2011 | 137,952 | 1,222,515 | 11.3% |
| 2012 | 142,174 | 1,235,118 | 11.5% |
| 2013 | 148,430 | 1,235,203 | 12.0% |
| 2014 | 149,255 | 1,300,038 | 11.5% |
| 2015 | 147,181 | 1,321,406 | 11.1% |
| 2016 | 146,627 | 1,308,744 | 11.2% |
| 2017 | 152,914 | 1,306,534 | 11.7% |
Capital Gains Revenue Impact2
| Year | Capital Gains Revenue |
| 2011 | $60,195,441 |
| 2012 | $115,981,695 |
| 2013 | $66,978,306 |
| 2014 | $89,827,722 |
| 2015 | $63,988,361 |
| 2016 | $54,771,993 |
| 2017 | $66,284,006 |
