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Most cities, towns take sales tax hit
Only Dover of Kingfisher County municipalities had a gain in its sales tax check in July.
Kingfisher County’s check also took a major hit – down 69.6 percent as the coronavirus national shutdown and the drop in the county’s oilfield activity took its toll.
The July distribution of sales tax collections by the Oklahoma Tax Commission primarily represents local tax receipts from May 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 May 16 to 31 and estimated sales from June 1 to June 15.
The disbursement of $162,322,587.28 in sales tax collections returned to the cities and towns reflected an increase of $3,458,375.18 from the $158,864,212.10 distributed to the cities and towns in July last year. The use tax disbursement to cities and towns was $24,203,416.25.
In county returns, the counties shared in a $26,553,211.49 sales tax disbursement and a $4,583,422.59 use tax dis bursement.
Use tax check comparisons for local government entities follow with the 2020 amounts listed first:
Cashion – $7,429.12 and $5,025.88.
Dover – $2,264.11 and $1,958.65.
Hennessey – $15,875.48 and $11,945.57.
Kingfisher – $50,213.52 and $30, 819.63
Okarche – $12,688.52 and $18,837.67.
Crescent – $7,268.59 and $4,044.29.
Kingfisher County – $61,413.41 and $183,883.12.