Jonesboro, Arkansas Sales Tax
What is Jonesboro’s Sales Tax Rate?
In 2020, the minimum combined sales tax rate within the city of Jonesboro, Arkansas is 8.5%. Why 8.5%? This rate is the sum of the state, county, and city tax rates outlined below.
|State of Arkansas
|City of Jonesboro
How is Sales Tax Calculated?
Your business’ exact street address is used to determine sales tax rate. In this instance, 8.5% is the minimum rate. However, the rate for your business may vary. The Arkansas Department of Finance and Administration has a Sales & Use Local Tax Lookup Tool that will provide you with the rate based on your specific address.
Online Sales Tax for Retailers
If you’re an online seller, there are some items to take into consideration for sales tax collection. In 2018, the U.S. Supreme Court ruled to close online sales tax loopholes in its landmark South Dakota v. Wayfair decision. The Supreme Court ruled that sales tax on internet retailers can be imposed by states, even if the retailer has no physical in-state presence.
In 2019, the Arkansas Department of Finance & Administration moved to begin taxing online retailers, excluding companies with annual sales of less than $100,000 or less than 200 transactions in Arkansas. The businesses that fall outside of these exclusions are subject to all state and local sales taxes.