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3 county towns higher in October sales tax report

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3 county towns higher in October sales tax report

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Cashion, Hennessey and Kingfisher all had gains in their October sales tax checks compared to October 2022, according to the Oklahoma Tax Commission.

The Oct. 6, 2023 distribution of sales tax collections by the Oklahoma Tax Commission primarily represents local tax receipts from August 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 Aug. 16 to 31 and estimated sales from Sept.1 to 15.

It also includes the statutory sales tax holiday reimbursements to cities and counties.

The disbursement of $207,360,122 in sales tax collections returned to the cities and towns reflected an increase of $7,895,811 from the $199,464,333 distributed to them in October last year.

The use tax disbursement to cities and towns was $35,658,606.

In county returns, the counties shared in a $35,348,494 sales tax disbursement anda$6,470,020 use tax disbursements. Comparisons for selected cities, towns and counties appear in the accompanying chart. Use tax check comparisons for county towns follow:

Cashion – $11,685.41 and $8,413.02.

Dover – $2,895.17 and $4,810.29.

Hennessey – $20,464.39 and $23,192.32.

Kingfisher – 54,746.49 and $269,228.17.

Okarche – $14,734.97 and $14,583.05.

Kingfisher County– $75,644.58 and $233,406.29.

Blaine County – $19,603.59 and $37,820.00.

Use tax is collected on purchases made out-of-state for delivery in-state at the same rate as each entity’s sales tax.