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2 towns see tax boost
Cashion and Okarche received larger sales tax checks in January, bucking the state trend.
The January distribution of sales tax collections by the Oklahoma Tax Commission primarily represents local tax receipts from November 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 Nov. 16 to Nov. 30 and estimated sales from Dec. 1 to Dec. 15.
The disbursement of $159,991,371 in sales tax collections returned to the cities and towns reflected a decrease of $4,572,058 from the $164,563,429 distributed to the cities and towns in January last year. The use tax disbursement to cities and towns was $22,411,496.
Use tax checks were lower for all area towns, except Hennessey.
Use tax is collected at the same rate as a municipality’s sales tax, on purchases made out-of-town for delivery within the entity.
Comparisons of use tax receipts for January 2020 and last January follow with amounts listed in that order:
Cashion – $6,159.42 and $8,494.42.
Crescent – $6,018.56 and $6,193.75.
Dover – $2,278.38 and $3,743.51.
Hennessey – $15,622.04 and $13,199.45.
Kingfisher – $44,579.68 and $58,167.70
Okarche – $13,995.57 and $27,809.08.
Watonga – $35,022.38 and $234,490.08.
Kingfisher County – $155,557.85 and $312,717.63.