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County sales tax still reflects oil bust; only Dover has bigger February check
The slowdown in the oilfield, thanks at least in part to the Biden administration’s anti-oil attitude, was reflected in lower sales tax checks for most area cities, counties and towns.
Only Dover in Kingfisher County has a bigger check.
The February distribution of sales tax collections by the Oklahoma Tax Commission primarily represents local tax receipts from December 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 December 16th to 31st and estimated sales from January 1st to the 15th.
The disbursement of $166,192,753 in sales tax collections returned to the cities and towns reflected an increase of $3,588,555 from the $162,604,198 distributed to the cities and towns in February last year. The use tax disbursement to cities and towns was $34,935,528.
In county returns, the counties shared in a $27,066,936 sales tax disbursement and a $6,146,640 use tax disbursement.
The followinglistincludes new sales and use tax rates for cities, towns and counties and their effective dates:
Use tax check comparisons for February 2021 against last February, also largely dependent on oil drilling activity, were generallylower for local government entities. Comparisons follow with February 2021 amounts listed first:
Crescent- $9, 245.48 and 8,724.89.
Dover - $3,859.70 and $63,054.87.
Cashion — $13,497.41 and $14,861.15.
Kingfisher — $89,952.14 and $113,612.26
Okarche - $20,269.38 and $22,248.15