Oklahoma Tax Revenues and Audits Increased
- May 29, 2012 | Susan McLain
Oklahoma’s sales tax revenues are up. For the 2011 fiscal year, the “…state collected nearly $35 million in delinquent taxes during the 12 months that ended in June…” due to “…an effort to help close a $900 million budget shortfall.”
Fiscal year 2011 had some changes that helped: Since 2010, Oklahoma has “…added about 30 people to its tax collection staff” in order to address that shortfall.
And so far this year, it seems to still be working. According to a Huffington Post AP newswire report, “…overall sales tax revenues jumped by about $159 million from the first 10 months of fiscal 2011 to the same period in fiscal 2012.”
In 2011, Oklahoma’s sales tax collections of $2,177,458,000* nearly matched the income tax collection totals of $2,385,413,000. General sales tax revenue increased 10.6% over 2010 collections, where income tax increased 7.2% over 2010.
*U.S. Census Bureau