Four Kingfisher County towns and Kingfisher County showed increases in their March sales tax checks, indicating an upturn in oilfield activity.

Oil companies pay sales and use tax to municipalities and the county on purchases of equipment and supplies used in their operations.

Kingfisher led the way this month with a 54.7% increase in its sales tax revenue. Loyal was next with a 39% increase and Cashion followed with a gain of 36.6%. Dover also had a nice gain, 17.8%.

A comparison of selected municipalities appear in the accompanying chart on Page 13.

The March 2022 distribution of sales tax collections by the Oklahoma Tax Commission primarily represents local tax receipts from January 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 January 16-31 and estimated sales from Feb. 1-15.

The disbursement of $163,285,502 in sales tax collections returned to the cities and towns reflected an increase of $8,129,551 from the $155,155,951 distributed to the cities and towns in March last year. The use tax disbursement to cities and towns was $27,793,433.

In county returns, the counties shared in a $27,793,433.34 sales tax disbursement and a $4,671,479 use tax disbursement.

Use tax checks received by local towns included the following comparison with the 2021 report with 2022 taxes listed first:

Kingfisher – $56,718.79 and $60,250.86; Cashion – $7,737. 40 and $7,173.35; Dover – $5,654.67 and $2,783.08; Hennessey – $12,787.56 and $13,254.09; Okarche – $12,804.24 and $9,864.07; Crescent – $6,520.61 and $6,067.00; Kingfisher County – $118,370.72 and $64,031.90.