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All county towns’ sales tax returns lower for November

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All county towns’ sales tax returns lower for November

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Sales tax checks for all county towns and for Kingfisher County fell in November as compared to November 2019, likely the result of a slowdown in oilfield activities.

The November distribution of sales tax collections by the Oklahoma Tax Commission primarily represents local tax receipts from September 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 Sept. 16 to Sept. 30 and estimated sales from Oct. 1 to Oct. 15.

The tax commission’s disbursement of $158,558,220 in sales tax collections returned to the cities and towns reflected an increase of $2,682,742 from the $155,875,478 distributed to the cities and towns in November last year.

The use tax disbursement to cities and towns was $24,250,271.

In county returns, the counties shared in a $26,022,874 sales tax disbursementanda$4,218,220 use tax disbursement.

Kingfisher’s sales tax rate will drop to 3 percent, down from 3.335 percent, effective Jan. 1.

Use tax checks for area towns and Kingfisher County, derived from taxes equal to each entity’s sales tax rate, for November 2020 compared to November 2019 follow with the current year amount listed first:

Cashion-$5,875.85 and $4,851.07.

Crescent - $6,319.96 and $7,822.06.

Dover - $3,165.43 and $2,149.75.

Hennessey - $16,286.79 and $21,072.18.

Kingfisher - $75,820.88 and $52,884.11.

Okarche - $13,672.69 and $10,909.95.

Kingfisher County - $82,389.22 and $228,373.34.