The Ups and Downs of Area Sales Tax
The December distribution of sales tax collections by the Oklahoma Tax Commission primarily represents local tax receipts from October 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 October 16th to 31st and estimated sales from November 1 st to November 15 th .
The disbursement of $154,648,811 in sales tax collections returned to the cities and towns reflected an decrease of $4,830,778 from the $159,479,589 distributed to the cities and towns in December last year. The use tax disbursement to cities and towns was $26,747,038.
In county returns, the counties shared in a $25,051,185 sales tax disbursement and a $4,960,128 use tax disbursement.
Of local interest, Allen’s receipts dropped $929.54 in 2020 over the same time period in 2019. Receipts this year totaled $13,096.99 compared to $14,026.54 last year.
Ada posted a gain, receiving $1,345,327.48 compared to $1,307,513.04 the previous year. Calvin also showed an increase, $9,326.57 up from $7,098.94; Gerty increased to $321.26 from the $129.91 earned in 2019; and Holdenville increased to $235,206.15, up from $221.695.30.
Atwood took a significant hit, dropping from $883.70 to only $272.24; and Francis dropped to $895.68, down from $1,352.75.
County sales tax number were up for Pontotoc County but down for Hughes County. Pontotoc County received $372,289.84 in December 2020 compared to $366,359.76 in 2019; Hughes County dropped to $102,624.72 from $125,008.67 last year.
Use Tax money increased for the Town of Allen, up to $3,618.51 from $2,925.09. Ada also reported a gain, up to $131,005.63 from $118,198.88; and Holdenville increased to $26,715.72 from $19,562.04 last year. Calvin took a major drop, receiving only $1,853.16 from $5,233.01 last year.
Countywide, Use Tax revenue was up in both Pontotoc and Hughes Counties. Pontotoc posted a dramatic gain, up to $60,709.21 from $31,227.91 in 2019; and Hughes County rose to $13,871.90 from $12,567.06.
Statewide, receipts were lower in 2020 in Sales Tax figures but Use Tax numbers were higher. The State of Oklahoma received $179,799,996.08 in December 2020 Sales Tax compared to $186,149,855.73 in 2019. Use Tax revenue increased to $4,960,127.72 this year from $4,200,908.30 last year.