Area Sales Tax Stay Steady
The June distribution of sales tax collections by the Oklahoma Tax Commission primarily represents local tax receipts from April 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 April 16th to 30th and estimated sales from May 1st to May 15th .
The disbursement of $142,331,436 in sales tax collections returned to the cities and towns reflected a decrease of $15,847,250 from the $158,178,686 distributed to the cities and towns in June last year. The use tax disbursement to cities and towns was $22,102,001.
In county returns, the counties shared in a $24,465,339 sales tax disbursement and a $4,398,923 use tax disbursement.
This being the first of the reports after the COVID-19 pandemic started, Allen did well by only reporting a minor loss of $180.07. This year’s revenue totaled $15,815.66 compared to $15,995.73 in 2019.
Ada also reported a slight loss, going from $1,334,210.57 to $1,284,482.97. Francis and Gerty also posted losses, Francis went from $1,217.26 in 2019 to $892.87 this year with Gerty dropping to $166.91 from $447.91.
Calvin, Atwood and Holdenville showed gains. Calvin was up to $9,562.54 from $5,735.77; Atwood increased to $887.36 from $606.79; and Holdenville gained $39,744.82 in revenue, going from $233,173.81 to $272,918.63.
County income took a loss in both Hughes and Pontotoc Counties with Hughes going from $153,075.18 to $119,509.08; Pontotoc dropped from $373,409.07 to $369,556.81.
Possibly also as a result of the COVID pandemic, Use Tax receipts in Allen went up substantially, from $2,509.43 to $4,071.30. Ada also posted a gain, receiving $138,214.87 up from $121,553.10; Calvin increased to $1,667.21 from 1,288.95; and Holdenville went from $20,339.83 to $29,480.67.
However, countywide Use Tax revenue in Hughes County was down significantly. The county received $16,032.16 this year compared to $36,402.00 in 2019. Pontotoc County had an increase, going from $49,728.19 to $56,344.50 this year.