Arkansas’s state tax revenue exceeded expectations last month as $477.9 million came in, marking a record for December collections with more than $46.4 million above what was anticipated.

The Department of Finance and Administration said in its monthly revenue report that collections in December 2007 were $50.5 million higher than the $427.4 million collected in December 2006. The department said the higher-than-expected revenue was due to large gains in individual tax withholding in December and strong corporate income tax collections.

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