OTC releases June tax numbers

The June 2021 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 16 to 30 and estimated sales from May 1 to the 15.

The June breakdown is as follows:

The disbursement of $183,157,926 in sales tax collections returned to the cities and towns reflected an increase of $40,826,490 from the $142,331,436 distributed to the cities and towns in June last year. The use tax disbursement to cities and towns was $24,521,257.

In county returns, the counties shared in a $30,856,699 sales tax disbursement and a $5,405,288 use tax disbursement.

The following are the sales tax figures for each community, 2021 is listed first and the same time period for 2020, followed by the totals for 2021:

• Aline, $4,833, $1,212, for an increase of $3,621, for a total of $49,703 in 2021.

• Burlington, $1,345, $858, for an increase of $487, for a total of $6,228 in 2021.

• Byron, $760, $339, for an increase of $421, for a total of $20,510 in 2021.

• Carmen, $2,727, $6,394, for a decrease of $3,667, for a total of $20,510 in 2021.

• Cherokee, $57,990, $51,725, for an increase of $6,265, for a total of $307,776 for 2021.

• Goltry, $2,038, $1,743, for an increase of $295, for a total of $47,159 in 2021.

• Helena, $12,962, $12,155, for an increase of $807, for a total of $74,680 in 2021.

• Jet, $3,127, $2,429, for an increase of $698, for a total of $18,129 in 2021.

Alfalfa County collections for 2020 were $73,552 and the figure has increased to $95,574 for an increase of $22,022 from the same time period last year. The county has collected $585,448 for all of 2021.

Use Tax

Use tax collections returned and last year’s figures follow:

• Aline, $4,277, $976, for an increase of $3,301.

• Carmen, $1,303, $1,151, for an increase of $152.

• Cherokee, $12,231, $14,426, for a decrease of $2,195.

• Goltry, $966, $956, for an increase of $10.

• Helena, $1,057, $1,808, for a decrease of $751.

• Jet, $868, $691, for an increase of $177.

Alfalfa County as a whole saw an increase of $4,996 from $18,782 in 2020 to $23,778 in 2021.

A use tax is very similar to a sales tax; however, it targets purchases made outside of a given tax jurisdiction. Use taxes are levied on goods or services bought in one state or municipality, then transported into, consumed in, or resold in another municipality or state.

Use taxes aim to preserve sales tax revenues and protect local retailers from competition in jurisdictions with lower sales taxes or no sales taxes.

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