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use tax

Oklahoma Collects More Use Tax

Nov 27, 2019
According to the U.S. Department of Commerce, internet purchases accounted for 14.3% of retail sales nationwide in 2018. That was up from 12.9% in 2017 and from 11.6% in 2016. Nearly $685 million was collected by Oklahoma in use tax in fiscal year 2019.
(Courtesy Unsplash)

As online shopping grows, "use taxes," or taxes on goods shipped across state lines, are becoming more important to the state's economy. For years, Oklahoma wasn't getting as much revenue from use tax, but that is changing, according to recent reports.  Journal Record editor Russell Ray discusses why use tax is essential, as well as the Supreme Court case and state legislation that brought the state $685 million in use tax revenue last year. 

Oklahoma Capitol
ensign_beedrill / Flickr Creative Commons

Online retail giant Amazon could soon start charging sales taxes to Oklahoma customers – a move that would help fill a sizable state budget shortfall for next fiscal year, Oklahoma Watch has learned.

An Oklahoma Tax Commission official said the agency is in discussions with online retailers to voluntarily collect sales and use taxes, and two state legislators said they expect agreements could be struck in coming weeks or months with Amazon, the country’s largest e-commerce site.