The Oklahoma Tax Commission recently released city sales tax collection figures that primarily represents local tax receipts from April business. The monies they reported this period represent sales from April 16 to 30 and estimated sales from May 1 to 15.
The Oklahoma Tax Commission recently released city sales tax collection figures that primarily represents local tax receipts from April business. The monies they reported this period represent sales from April 16 to 30 and estimated sales from May 1 to 15.
Statewide, 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 according to the Oklahoma Tax Commission.
In county returns, the counties shared in a $24,465,339 sales tax disbursement and a $4,398,923 use tax disbursement.
The chart below compares city sales taxes and taxable sales in area cities, towns and counties as well as a comparison for the same period in 2019. Taxable sales are calculated by dividing the tax collected by the tax rate and it shows a rough estimate of retail sales activity.