Revenue Collections Up
OKLAHOMA CITY (AP) — Oklahoma Treasurer Ken Miller says overall revenue collections in March were up slightly, rising by 2.6 percent compared to March 2012.
Miller released figures on Wednesday that show total revenue collections for March were $944.6 million — an increase of $24 million from the last March. The figures show collections were boosted mostly by a $28 million increase in corporate income tax collections — a 32 percent increase over March 2012.
The state's other major revenue also showed slight year-to-year declines in March, including personal income tax collections, sales tax collections, and gross production taxes on oil and natural gas.
Motor vehicle taxes were down nearly $7 million, or 11 percent, from March 2012.