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4 towns up, 2 down in May sales tax report
Four Kingfisher County towns and Kingfisher County had gains and two county towns showed losses compared to May 2022 in the May 2023 sales tax report distributed by the Oklahoma Tax Commission.
Kingfisher, Hennessey, Dover and Okarche all showed increases.
(See the accompanying chart for complete details.)
The May 2023 distribution of sales tax collections by the Oklahoma Tax Commission primarily represents local tax receipts from March 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 March 16 to March 31 and estimated sales from April 1-15.
The disbursement of $203,550,625 in sales tax collections returned to the cities and towns reflected an increase of $7,409,382 from the $196,141,243 distributed to them in May last year. The use tax disbursement to cities and towns was $36,305,209.
In county returns, the counties shared in a $34,599,178 sales tax disbursement and a $6,730,615 use tax disbursement.
Use tax check comparisons for local towns and Kingfisher County follow with the May 2023 amount listed first: Cashion – $9,938.70 and $13,099.51.
Crescent – $10,548.09 and $8,235.16.
Dover –$9,038.52 and $3,106.54.
Hennessey – $21,325.49 and $18,518.36. Kingfisher – $125,998.64 and $117,052.02.
Okarche – $51,067.17 and $17,417.90 Kingfisher County – $129,156.57 and $123,009.78.
(Note: Use tax is collected at the same rate as each entity’s sales tax on purchases made out of state for delivery within the entity. Loyal does not levy a use tax.)