Allen Business show tax gains
CITIES RECEIVE $146.2 MILLION COUNTY RETURNS TOTAL $25.2 MILLION
The May 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 th to 31 st and estimated sales from April 1 st to April 15 th .
The disbursement of $146,166,497 in sales tax collections returned to the cities and towns reflected a decrease of $14,180,567 from the $160,347,064 distributed to the cities and towns in May last year. The use tax disbursement to cities and towns was $22,458,420.
In county returns, the counties shared in a $25,170,893 sales tax disbursement and a $4,809,712 use tax disbursement.
Of local interest, with more people shopping locally, Allen posted a gain of $1,683.64, going from $15,065.77 in 2019 to $16,749.41 in this May’s disbursement. The only other area town showing a gain was the town of Francis, earning $1,480.81 compared to $1,196.74 last year.
On the opposite end of the scale, Ada, Atwood, Calvin, Gerty and Holdenville all had a decline in income. Ada dropped to $1,279,446.51 compared to $1,314,063.80 last year; Atwood received $300.95 compared to $476.43 in 2019. Calvin took the biggest percentage hit, receiving $11,368.82 in May 2020 compared to $27,079.95 in 2019. Gerty went from $247.70 to $230.40; and Holdenville went from $256,474.10 to $226,987.17 in 2020.
Countywide revenue dropped significantly in Hughes County, going from $254,371.02 last year to $115,750.23 this May. Pontotoc County remained relatively the same, making only a slight gain, going from $366,427.67 last year to $366,672.68 in 2020.
While both counties had gains in Use Tax Revenues, the only city reporting an increase in fund from this source was Ada. The county-seat went from $120,918.57 in 2019 to $145,620.47 this year.
Allen’s loss of $405.68 took them from $3,689.35 to $3,283.67; while Calvin’s loss was $206.30 taking them from $1,118.94 to $1,098.31. Holdenville went from $30,477.55 to $25,185.25.
Use Tax revenue in Hughes County went to $23,935.46 from $19,441.98 last year, and Pontotoc County posted $57,227.28, up from $41,357.60 last year.