The Oklahoma Tax Commission recently released city sales tax collection figures that primarily represents local tax receipts from January business. The monies they reported this period represent sales from Jan. 16 to 31 and estimated sales from Jan 16 to 31.
Statewide, the disbursement of $176,408,601 in sales tax collections returned to the cities and towns reflected a decrease of $2,815,290 from the $179,233,891 distributed to the cities and towns in February last year. The use tax disbursement to cities and town was $30,613,927 according to the Oklahoma Tax Commission.
In county returns, the counties shared in a $29,307,595 sales tax disbursement and a $5,456,196 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 2023. Taxable Sales are calculated by dividing the tax collected by the tax rate and it shows a rough estimate of retail sales activity.