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March sales tax collections decline for all county towns
Sales tax checks for March were lower for Kingfisher County towns as oilfield activity continued to decline.
Kingfisher’s sales tax took a big drop as the tax rated dropped from 3.335 % to 3 % .
However the percentage of loss per penny of tax fell only 21.1 percent.
Tax paid on equipment and materials used in the energy business accounted for a large measure of tax receipts in recent years.
The March distribution of sales tax collections by the Oklahoma Tax Commission primarily represents local tax receipts from January 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 January 16 to 31 and estimated sales from Feb. 1 to 15.
Kingfisher County’s check grew slightly for March, almost 1 %.
The disbursement of $155,155,951 in sales tax collections returned to the cities and towns reflected an increase of $13,007,562 from the $142,148,389 distributed to the cities and towns in March last year.
The use tax disbursement to cities and towns was $24,850,114.
In county returns, the counties shared in a $25,527,003 sales tax disbursementanda $4,003,038 use tax disbursement.
Use tax checks - tax collected on purchases made out of state for delivery locally were up for several towns but slid lower for the county.
Comparisons follow with the March 2021 amount listed first:
Cashion - $7,173.35 and $3,120.89.
Dover - $2,783.08 and $7,339.92
Hennessey - $13,254.09 and $9,626.40
-and $40,794.15.
Okarche - $9,864.07 and $16,993.68.
Kingfisher County - $60,250.86 and $40,794.15.