LITTLE ROCK, Ark. (AP) - Arkansas finance officials say a change in corporate tax filing due dates resulted in the state’s revenue in March falling just more than $50 million below expectations.
The state Department of Finance and Administration report released Tuesday says net available revenue last month totaled $345 million - $50.2 million below forecast and nearly $69 million below March 2016.
Finance officials say Corporate Returns and Extension payments that were previously due in March were shifted to April under federal and state laws.
The state’s year-to-date net available general revenue totals $3.7 billion, about $50 million below the same point last year and about $65 million below forecast.
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