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February sales tax up for 4 towns, county
Municipality FEB.2023 RATE FEB.2022 RATE CHANGE
Cashion, Dover, Okarche and Loyal all had significant gains in the sales tax checks with Loyal leading the way with a booming 3,795.2% hike.
Loyal’s February check set a new record for the town at $89,177.24, compared to $2,310.80 a year earlier.
The increase had to come from oil company contributions as the only sales tax collecting business in Loyal is a grain elevator-feed store.
The Feb. 9, 2023 distribution of sales tax collections by the Oklahoma Tax Commission primarily represents local tax receipts from December 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 Dec. 16-31 and estimated sales from Jan. 1-15.
The disbursement of $203,126,030 in sales tax collections returned to the cities and towns reflected an increase of $6,350,912 from the $196,775,118 distributed to the cities and towns in February last year. The use tax disbursement to cities and towns was $42,156,270.
In county returns, the counties shared in a $35,026,883 sales tax disbursement anda$7,214,750 use tax disbursement.
Use tax, which is collected at the same rate as an entity’s sales tax for purchases made out-of-state for delivery in state for most county towns and Kingfisher County as follow with the February 2023 amount listed first and the February 2022 amount second: Cashion – $18,905.67 and $13,900.20.
Dover – $3,583.22 and $4,054.50.
Hennessey $56,933.85 and $30,913.06.
Kingfisher–$141,230.36 and $132,727.24.
Okarche – $23,539.40 and $23,505.64.
Kingfisher County – $195,471.70 and $153,913.70
( PER 1% OF TAX) Kingfisher $447,299.44 3.5% $477,722.32 3.5% -.09% Hennessey 105,117.10 4% 114,824.73 4% -8.4% Cashion 23,658.76 4% 18,797.15 4% +26.0% Dover 12,585.66 4% 9,669.86 4% +30.2% Loyal 89,177.24 4% 2,310.80 4% +3,795.2% Okarche 85,692.46 4.5% 64,952.11 4.5% +31.1% Calumet 28,185.03 4% 18,433.38 3% +52.9% Canton 26,802.78 3% 23,568.63 3% +13.7% Crescent 38,599.69 3% 36,574.65 3% +5.5% ElReno 1,160,553.20 4% 948,823.56 4% +22.3% Enid 3,528,786.13 4.25% 3,391,154.72 4.25% +4.1% Geary 74,492.89 3.5% 63,504.50 3.5% +17.3% Greenfield 539.77 3% 2,937.13 3% -81.6% Guthrie 737,721.48 3.75% 683,384.67 3.75% +8.0% Hitchcock 949.99 3% 1,074.21 3% -11.6% Marshall 4,809.74 4% 4,347.25 4% +10.6% Piedmont 217,720.17 5% 265,387.49 5% -18.0% Watonga 205,086.16 5% 177,488.20 5% +32.8% Okeene 41,383.12 4.25% 38,385.72 4.25% +7.8% KingfisherCo. 610,775.03 1.25% 459,810.50 1.25% +32.8% BlaineCounty 349,789.00 .875% 241,183.32 .875% +65.8%