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Hennessey leads in April sales tax race
Hennessey led Kingfisher County in the April sales tax report. It was the only county town with an increase in its monthly check compared to April 2020.
However several other area towns had increases: Okeene, Guthrie, Piedmont and Geary.
A continued slowdown in oilfield drilling activity apparently negatively impacted sales tax collections.
The April distribution of sales tax collections by the Oklahoma Tax Commission primarily represents local tax receipts from February 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 Feb. 16 to 28 and estimated sales from March 1-15.
The disbursement of $144,355,807 in sales tax collections returned to the cities and towns reflected a decrease of $2,575,267 from the $146,931,074 distributed to the cities and towns in April last year.
The use tax disbursement to cities and towns was $22,371,620.
In county returns, the counties shared in a $24,043,135 sales tax disbursement and a $3,855,314 use tax disbursement.
Use tax checks were generally higher. Use tax is collected on products produced out of state for use in the local communities. Use tax rates are the same as the local entities’ sales tax rates.
Those checks returned to several area towns for April 2021 and 2020 follow with amounts listed in that order:
Cashion – $9,577.63 and $4,756.53.
Crescent – $9,612.13 and $4,832.40.
Dover – $3,016.80 and $1,666.57.
Hennessey – $17,487.48 and $9,529.67.
Okarche – $11,196.16 and $7,581.05.
Watonga – $11,089.27 and $18,604.49.
Kingfisher – $68,685.61 and $60,901.75
Kingfisher County – $66,021.73 and $126,606.18