Arkansas is a state that is located in the southern part of the United States of America. Its name is derived from a Native American word which means ‘state of Kansas’, Kansa being a Native American tribe. The word is a derivative of the French word ‘Arcansas’ which means ‘land of downriver people.’
It is bordered by Missouri in the north, Louisiana in the south, Oklahoma to the west, Tennessee and Mississippi on the east and Texas in the southwest. It faces humid subtropical climate which denotes hot and humid summers and milder winters. It is quite amazing to know that it receives thunderstorms for at least 60 days in a year!
Taxes on silver sales
There is a specific transactions sales tax rate in Arkansas. This tax is applied for each sale and represents 6.5% of the price. There are some additional local sales tax required by cities or/and by the county, consequently the total sale tax amount varies between 6.5% and 11.625%.
No tax exemption for buying silver coins and bullion in this state.
More information on sales tax : http://www.dfa.arkansas.gov/offices/exciseTax/salesanduse/Pages/default.aspx