OKLAHOMA CITY – Numbers have been released for receipt of money reimbursed to Oklahoma cities and towns via sales tax income in Oklahoma, according to a report from Oklahoma’s official website.
News presented by First United Bank.
The September distribution of sales tax collections by the Oklahoma Tax Commission primarily represents local tax receipts from July 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 July 16–31 and estimated sales from Aug. 1-15.
The City of Durant received $1,354,746.09 for this period.
This number is up nearly $50,000 from the same period in 2017, when it was reported at $1,305,024.17.
The reimbursements to the City of Durant have been higher in seven of nine months so far in 2018 with respect to the corresponding months in 2017.
The tax rate of .04375 is the 33rd highest rate in Oklahoma among the more than 500 cities and towns reported on this list. The City of Glenpool tops that list at .051. The tax rate in Kiowa is .05.
Paid for by the Committee to Elect Bourne to Senate
The money distributed to other towns in Bryan County according to the September report was as follows (with the 2018 city/town tax rate in parenthesis):
Calera – $59,676.79 (.04)
Colbert – $53,865.51 (.04)
Caddo – $17,305.88 (.03)
Bokchito – $16,845.25 (.04)
Mead – $10,162.72 (.02)
Bennington – $3,980.81 (.04)
Achille – $6,343.92 (.03)
Kenefic – $326.97 (.03)