Up to the Minute..
July 25, 2012
CITIES RECEIVE $143.8 MILLION
COUNTY RETURNS TOTAL $31.4 MILLION
The July distribution of sales tax collections by the Oklahoma Tax Commission primarily represents local tax receipts from May 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 May 16 th to May 31 st and estimated sales from June 1 st to June 15 th.
The disbursement of $133,809,779 in sales tax collections was returned to 509 cities and towns reflecting an increase of $15,679,971 from the $118,129,808 distributed to 508 cities and towns in July last year. The use tax disbursement of $9,948,874 was distributed between 372 cities and towns.
In county returns, 77 counties shared in a $29,181,140 sales tax disbursement. The use tax disbursement of $2,205,989 was distributed between 73 counties.
The following list includes new sales and use tax rates for cities, towns and counties and their effective dates.
NEW RATES EFFECTIVE DATES
July 1, 2012
(56-15) Morris 4.00% sales & use
(11-88) Cherokee Co 1.75% sales & use (decrease)
(21-88) Delaware Co 1.40% sales & use
(25-88) Garvin Co 0.75% sales & use
September 1, 2012
August 1, 2012
October 1, 2012
(69-17) Velma 4.00% sales & use
(07-88) Bryan Co 0.50% sales & use
(52-88) Noble Co 1.50% sales & use
(66-88) Rogers Co 1.833% sales & use
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Helpful Link: Sales Tax News Release Archives