The City of Guthrie received their December sales tax collections and three months into the fiscal year are slightly above from last year’s period of time.
The City collects a 3.75% sales tax with 3% going to the general fund and .75% towards the Capital Improvement Projects (CIP) fund.
The City received $661,714.87 in sales tax, which reflects receipts in October. The amount is 10% higher or $60,338.29 more as compared to the same month last year or $601,376.58.
City officials report they are 12% higher accumulatively as compared to 2021 or $218,644.97. Year to date collection is $1,974,261 which is 1% over or $22,912 more than the year to date projection of $1,951,349.
The City’s Use Tax is also above last year’s dollars compared to the same time period (October 2021 – December 2021).
The use tax dollars are collected from online shopping, including Amazon.com and by third-party vendors selling through Amazon, which began July 1, 2018.
Use tax is sales tax levied on products purchased elsewhere and shipped into Oklahoma. Use tax also is due on major purchases, such as when a farmer orders a tractor from a national dealer in another state and has it shipped into Oklahoma.
A total of $90,307.58 in Use Tax was collected for December, which is 10% higher or $8,270.31 more as compared to the same month last year or $82,037.27.
The use tax is 18% higher accumulatively as compared to 2021 or $41,041.26. Year to date collection is $264,325 which is 4% below the year to date projection of $275,842.