County sales tax income down from last year
The Oklahoma Tax Commission recently released city sales tax collection figures that primarily represents local tax receipts from November business. The monies they reported this period represent sales from Nov. 16 to 30 and estimated sales from Dec 1 to 15.
Statewide, the disbursement of $199,129,968 in sales tax collections returned to the cities and towns reflected an increase of $6,000,730 from the $193,129,239 distributed to the cities and towns in December last year. The use tax disbursement to cities and town was $38,095,644 according to the Oklahoma Tax Commission.
In county returns, the counties shared in a $33,927,219 sales tax disbursement and a $7,219,253 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.
