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Tax Receipts Drop in Allen

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Tax Receipts Drop in Allen

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The March 9, 2023 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 January 16th to 31st and estimated sales from February 1st to the 15th.

The disbursement of $179,233,891 in sales tax collections returned to the cities and towns reflected an increase of $15,948,389 from the $163,285,502 distributed to them in March last year. The use tax disbursement to cities and towns was $27,936,312.

In county returns, the counties shared in a $30,718,552 sales tax disbursement and a $5,456,196 use tax disbursement.

On the local level, Allen’s sales tax income dropped $4,059.54. The town brought in $22,058.05 this year compared to $26,117.39 last year.

Ada also dropped, receiving $1,455,012.07 compared to $1,610,382.89 in 2022. Atwood and Francis both showed a decrease in revenue. Atwood’s 2023 income was $219.79 compared to $684.73 last year, and Francis dropped to $3,720.36 from $4,499.10.

Calvin, Gerty and Holdenville each posted gains. Calvin’s income for March 2023 was $12,480.56 compared to $9,453.63 the previous year; Gerty was up to $135.42 from $107.72 last year; and Holdenville reported $238,853.71 up from $227,284.33 last year.

Hughes County also had an increase, $127,771.16 up from $113,300.57; but Pontotoc County took a hit, dropping to $421,499.11 from $434,730.78.

Use Tax, money received from non-local sales (i.e. online purchases), increased by $2023.20 for Allen. This year’s receipts totaled $5,109.62 up from $3,086.42.

Atwood continues to not collect Use Tax money while Francis and Gerty, both new to claiming Use Tax Revenue, claimed $480.28 and $82.49 respectively. Holdenville was up, receiving $36,267.84 compared to $23,472.71 in 2022.

Ada and Calvin both dropped with Ada receiving $150,715.58 compared to $152,644.30 last year, and Calvin down to $1,361.21 from $1,540.96.

Both counties, Hughes and Pontotoc, posted gains. Hughes County rose to $18,108.68 up from $15,274.70; and Pontotoc received $65,416.19 compared to $60,687.28 last year.