The Moore American

Local News

April 13, 2014

Tax commission adjustments affect sale tax receipts

MOORE — Oklahoma Tax Commission adjustments created tax anomalies this month for More and Norman.

Moore’s sales tax receipts this month were $2,064,259 running below $2,088,401 for last year.

“We saw a decrease of about 7.74 percent,” City Manager Steve Eddy said. “There was an audit by the tax commission of a large taxpayer, and that audit resulted in an overpayment of about $290,000 over a period of time and that amount was deducted from our sales tax remittance for this month. If it weren’t for that, we would have shown an increase of about 5 percent.”

With the exception of an initial dip in sales due to the May tornadoes, sales tax has been strong in Moore this year.

“Year-to-date we are up 7.28 percent,” Moore Finance Director Jim Corbett. “That’s good growth.”

Moore use tax was up at $67,639, compared to use tax collections of $55,385 last April.

“We budget $700,000 for use tax this year and right now we’re at $846,137,” Corbett said. “And we have two months to go.”

Use tax results from sales outside of Moore and online purchases. The bulk of use tax is usually associated with construction.

Norman sales tax is up 6.79 percent this month compared to 2013 figures. Norman received $5,230,836 from the Oklahoma Tax Commission on April 9. Sales tax is up 5 percent for the year, running above budgets of 4.25 percent.

Public Safety Sales tax receipts were $285,122 this month. However, there was an anomaly this month in use tax collections.

“Use tax was a zero because a large use taxpayer got a refund for overpayment for the last three years,” Norman Finance Director Anthony Francisco said. “It happens often. Obviously, this was a big one.”

Francisco said settlements are made in a lump sum and can go back three years. In this case, a business was inadvertently paying use tax and sales tax on the same products.

“They legitimately got a big settlement of past overpayment,” Francisco said.

Cleveland County sales tax was $636,462 this month, running well above last year’s receipts of $592,625. County use tax was $15,771, down from $30,013. County use tax would be affected by the same large company refund that affected Norman.

Joy Hampton 366-3544 jhampton@ mooreamerican.com

1
Text Only
Local News
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide