Commission releases November 2020 Sales and Use Tax News
The November distribution of sales tax collections by the Oklahoma Tax Commission primarily represents local tax receipts from September 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 Sept. 16 to 30 and estimated sales from Oct. 1 to Oct. 15.
The disbursement of $158,558,220 in sales tax collections returned to the cities and towns reflected an increase of $2,682,742 from the $155,875,478 distributed to the cities and towns in November last year. The use tax disbursement to cities and towns was $24,250,271.
In county returns, the counties shared in a $26,022,874 sales tax disbursement and a $4,218,220 use tax disbursement.