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Most towns still seeing lower sales taxes

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Most towns still seeing lower sales taxes

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Most towns still seeing lower sales taxes

Cashion and Okarche both showed nice gains in their sales tax checks for August.

Other county municipalities and Kingfisher County all showed losses, reflecting diminished oilfield activity as well as continued effect of the COVID-19 pandemic.

Sales tax checks are provided through the Oklahoma Tax Commission, which collects and distributes sales taxes for cities and counties in conjunction with its handling of the state sales tax.

The August distribution of sales tax collections by the Oklahoma Tax Commission primarily represents local tax receipts from June 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 June 16 to June 30 and estimated sales from July 1 to July 15.

The disbursement of $168,124,169 in sales tax collections returned to the cities and towns reflected an increase of $9,172,781 from the $158,951,388 distributed to the cities and towns in August last year. The use tax disbursement to cities and towns was $25,322,999.

In county returns, the counties shared in a $27,598,606 sales tax disbursement and a $4,490,375 use tax disbursement.

Use tax checks were also returned to towns and the county treasurer. Use tax is collected on items purchased out of state for delivery to the entities.

Comparison of use tax checks this year and last follow with the August 2020 figure listed first:

Cashion – $8,938.59 and $4,206.75.

Crescent –$6,746.33 and $4,694.82.

Dover – $2,917.45 and $23,568.52.

Hennessey – $26,872.20 and $13,457.58.

Kingfisher – $81,190.90 and $82,136.49.

Okarche – $14,212.52 and $11,144.62.

Kingfisher County –$80,328.84 and $200,113.72.