Sales Tax Collections Hit Monthly High

Barbara Hoberock
Tulsa World

General revenue sales-tax collections for January hit an all-time monthly record, the Office of State Finance said Tuesday.

Sales tax collections generated $165 million in January, but the collection includes two weeks prior to Christmas, said Ron Jenkins, a spokesman for the office.

“This is the largest amount of money we have ever collected from sales taxes in any month of any year ever in Oklahoma,” said State Finance Director Preston Doerflinger. “Consumer confidence appears to be high early in the second half of the 2012 fiscal year.”

State sales tax collections for January were up almost 12 percent from the same month a year ago.

“It is great news that sales tax receipts reached an all-time high and our economy is continuing to grow,” Gov. Mary Fallin said.

“I am encouraging legislators to see this as an opportunity, not go grow government or to spend more on government bureaucracy, but to pursue a bold plan to cut taxes and allow Oklahomans to keep more of their hard-earned money.”


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