Money

(Stock photo/ Morguefile)

The latest Oklahoma sales and use tax distribution reports were released Friday from the Oklahoma Tax Commission (OTC).

The December distribution of sales tax collections by OTC represent local tax receipts from November business. The money reported on during this period represent sales from Nov. 16-30 as well as the estimated sales from Dec. 1-15.

Oklahoma Cities will receive $159.9 million in sales and use tax distributions while County returns total $26.3 million.

The disbursement of $159,991,371 in sales tax collections returned to the cities and towns reflected a decrease of $4,572,058 from the $164,563,429 distributed to the cities and towns in January last year.  The use tax disbursement to cities and towns was $22,411,496.

Duncan’s sales tax receipts during this period were $1,149,842.47 as compared to $1,166,826.69 for the same period last year. Duncan’s use tax collections during this period were $177,413.37 as compared to $134,051.66 for the same reporting period last year.

Marlow’s sales tax receipts during this period were $131,704.50 as compared to $152,015.00 for the same period last year. Marlow’s use tax collections during this period were $25,994.67 as compared to $27,160.31 for the same reporting period last year.

Comanche’s sales tax receipts during this period were $43,384.53 as compared to $51,263.05 for the same period last year. Comanche’s use tax collections during this period were $9,780.67 as compared to $11,338.24 for the same reporting period last year.

In county returns, the counties shared in a $26,280,627 sales tax disbursement and a $4,331,332 use tax disbursement.

Stephens County sales tax receipts during this period were $343,872.24 as compared to $337,966.91 for the same period last year. Stephens County doesn’t charge a use tax.

The Oklahoma Business Conditions Index for December rose slightly to 48.4 compared to 47.8 in November. Numbers less than 50 are considered below growth neutral. The index has been below 50 four times in the past five months, indicating expected economic slowing through the middle of 2020. 

Recommended for you