Local Sales Tax Receipts are up
The July distribution of sales tax collections by the Oklahoma Tax Commission primarily represents local tax receipts from May 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 May 16 th to 31 st and estimated sales from June 1 st to June 15 th .
The disbursement of $162,322,587.28 in sales tax collections returned to the cities and towns reflected an increase of $3,458,375.18 from the $158,864,212.10 distributed to the cities and towns in July last year. The use tax disbursement to cities and towns was $24,203,416.25.
In county returns, the counties shared in a $26,553,211.49 sales tax disbursement and a $ 4,583,422.59 use tax disbursement.
On a more local level, Allen’s revenue increased by $5,319.76 this year, going from $14,940.73 last July to $20,260.49 in 2020. Ada also increased, receiving $1,443,959.17 this year compared to $1,267,807.92 last year. Calvin was up by $3,790.66, going from $5,588.38 to $9,379.04. And, Holdenville gained $31,298.34, receiving $257,096.27 this year up from $225,797.82 in 2019.
Taking a loss were Atwood, going from $952.62 to only $404.92 this year; Francis which dropped from $1,455.73 to $1,234.97; and Gerty, which went from $190.98 to $172.99.
In county revenues, Hughes took a hit, going from $146,849.72 to $103,610.97, while Pontotoc County posted an increase, receiving $392,568.38 in 2020 over $370,808.81 in 2019.
Use Tax, gather mostly from internet sales, is not collected by all towns but July revenue from it more than doubled in Allen, going from $2,230.46 last year to $5,227.62 this year. An increase of $2,997.16.
Ada posted a substantial gain also, going from $107,272.13 to $145,956.51. Calvin earned a less increase, receiving $1,777.35 compared to $1,349.03 last year; and Holdenville more than doubled their return, receiving $33,206.82 compared to $15,191.75.
Both counties posed increases in Use Tax returns. Hughes was up to $17,737.27 from $9,781.27; and Pontotoc received $56,986.37, up from $40,618.78.