The Oklahoma Tax Commission recently released city sales tax collection figures that primarily represents local tax receipts from February business. The monies they reported this period represent sales from Feb. 16 to 29 and estimated sales from March 1 to 15.
Statewide, the disbursement of $192,788,971 in sales tax collections returned to the cities and towns reflected a decrease of $5,376,949 from the $187,412,022 distributed to the cities and towns in February last year. The use tax disbursement to cities and town was $31,935,335 according to the Oklahoma Tax Commission.
In county returns, the counties shared in a $31,935,335 sales tax disbursement and a $5,898,253 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.