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State sales tax down; three county towns up

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State sales tax down; three county towns up

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The state sales tax was lower by $2,815,290 in March, a reflection of the difficult economic times.

Despite that, three county towns showed gains for the month compared to March 2023 –Hennessey, Cashion and Dover.

The March 8, 2024 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 Jan. 16 to Jan. 31 and estimated sales from Feb. 1 to Feb. 15.

The disbursement of $176,408,601 in sales tax collections returned to the cities and towns reflected a decrease of $2,815,290 from the $179,233,891 distributed to them in March last year. The use tax disbursement to cities and towns was $30,613,927.Oklahoma City, the state’s largest city had a drop in sales tax collection.

Comparisons of March 2024 tax receipts and those a year earlier appear in the accompanying chart.

Use tax, a charge for products purchased out of state for delivery in state were up and down for area towns and down for the county.

Use tax comparisons for several area towns follow with the March 2024 total listed first: Cashion – $9,357.06 and $8,867.45.

Dover – $1,929.99 and $3,946.65.

Hennessey – $11,380 and $26,373.96.

Kingfisher – $46,839.80 and $38,783.69.

Okarche – $18,532.58 and $13,555.06.

Crescent– $7,438.17 and $8,830.63.

Kingfisher County – $41,821.49 and $119,257.50.

Loyal does not levy a use tax.