COVID-19 closures, low gas prices put sales tax revenues at risk in Oklahoma

“OEPA Chairman, Dewey Bartlett Jr. with Keener Oil said local governments in Green Country will be the first to feel the effects of gas losing value.”

The impact of shutting down bars and restaurants is being felt in Tulsa as the city loses opportunities to collect sales tax revenue.

Tulsa’s Director of Finance James Wagner said those businesses make up around 13 percent of the city’s sales tax collection.

Which is about $2 million a month.

A big hit with Oklahoma being one of the few states that relies on sales taxes for operations.

Read More.

Coronavirus and the Corporation Commission

Effective Monday, March 23, 2020, the Oklahoma Corporation Commission (OCC) offices statewide will be closed to the public until further notice. This includes the main office in the Jim Thorpe Building in Oklahoma City, the Regional Office in Tulsa and the District Field Offices around the State. A majority of OCC employees will be working […]

LEGISLATIVE UPDATE – 3/20/2020

At this time the Oklahoma State Capitol is shut down due to COVID-19 and is undergoing an extensive, deep cleaning at this time. House and Senate staff are working remotely from their homes. A timetable has not yet been established for when they will return to the Capitol. When activity resumes, our understanding is that […]