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3 county towns higher in January sales tax report
Three county towns – Kingfisher, Hennessey and Okarche – had increases in their January sales tax, according to the Oklahoma Tax Commission’s monthly report.
The January 2024 distribution of sales tax collections by the Oklahoma Tax Commission primarily represents local tax receipts from November 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 Nov. 16 to Nov. 30 and estimated sales from Dec.1 to Dec. 15.
The disbursement of $205,027,061 in sales tax collections returned to the cities and towns reflected an increase of $5,897,093 from the $199,129,968 distributed to them in January last year. The use tax disbursement to cities and towns was $42,999,318.
In county returns, the counties shared in $33,550,697 sales tax disbursements and $7,943,171 in use tax disbursements.
Use tax check comparisons – this January to last– to area entities follow with the 2024 amount listed first:
Cashion – $16,893.38 and $13,350.71.
Crescent – $13,096.78 and $10,338.87.
Dover – $4,570.29 and $3,454.03.
Hennessey–$59,203.98 and $22,908.87.
Kingfisher –$82,979.53 and $116,024.76.
Okarche – $23,407.23 and $23,307.06.
Blaine County – $26,115.39 and $66,594.76.
Kingfisher County – $58,081.78 and $122,452.64
Use tax is collected at each entity’s sales tax rate on products purchased out-of-state for delivery instate. Loyal does not levy a use tax.