Sales tax income mixed for cities, towns
Sales tax income mixed for cities, towns News Staff Thu, 08/18/2022 - 19:09
The Oklahoma Tax Commission recently released city sales tax collection figures that primarily represents local tax receipts from June business. The monies they reported this period represent sales from June 16 to 30 and estimated sales from July 1 to 15.
Statewide, the disbursement of $197,779,010 in sales tax collections returned to the cities and towns reflected an increase of $14,358,210 from the $183,420,800 distributed to the cities and towns in August last year. The use tax disbursement to cities and town was $31,790,512 according to the Oklahoma Tax Commission.
In county returns, the counties shared in a $34,173,441 sales tax disbursement and a $6,024,911 use tax disbursement.
The chart below compares city sales taxes and taxable sales in area cities, towns and counties as well as a comparison for the same period in 2021. Taxable Sales are calculated by dividing the tax collected by the tax rate and it shows a rough estimate of retail sales activity.
SOURCE: Oklahoma Tax Commission
