Sales tax income reported for county, cities

The Oklahoma Tax Commission recently released city sales tax collection figures that primarily represents local tax receipts from April business. Companies that remit more than $2,500 monthly in sales tax receipts are required to file and pay electronically. The monies they reported this period represent sales from April 16 to April 30 and estimated sales from May 1 to May 15. 

Statewide, the disbursement of $149,510,587 in sales tax collections returned to the cities and towns reflected an increase of $11,515,335 from the $137,995,252 distributed to the cities and towns in June last year. The use tax disbursement to cities and towns was $15,416,471 according to the Oklahoma Tax Commission.

In county returns, the counties shared in a $26,746,716 sales tax disbursement and a $2,790,881 use tax disbursement.

The chart below compares city sales taxes and taxable sales in area cities, towns and counties for April 16 to April 30 and estimated sales from May 1 to May 15, as well as a comparison for the same period in 2017. Taxable Sales are calculated by dividing the tax collected by the tax rate and it shows a rough estimate of retail sales activity.

Rate this article: 
No votes yet