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Gross Receipts Tax Provides Much Needed Money for Rural Schools


When it comes to supporting local schools, electric cooperatives earn an A+. Every year, Oklahoma co-ops pay millions in tax reve- nues to rural schools via the electric coop- erative gross receipts tax.


Electric co-ops pay gross receipts tax to the Oklahoma Tax Com- mission. The Tax Commission then distributes 95 percent of these funds to schools based on the number of miles of cooperative lines in each school district. It is worth noting that investor-owned utilities pay advalorem tax- es, but only 50 to 60 percent of these funds go to schools. In 2013, Lake Region Electric Cooperative (LREC) paid $717,086.32 in gross receipts tax. These funds benefi t 34 schools in LREC’s service territory. The chart (on the right) shows the allocation of school funds in LREC’s area. Tax distribution var- ies from school to school because some school districts have more miles of cooperative lines. Because rural schools benefi t directly from these taxes, LREC and other Okla- homa electric cooperatives fi rmly sup- port this program. Over the years, various proposals to change the tax structure would have diverted funds away from rural schools. These plans were met with opposition from rural school leaders and electric cooperative offi cials.


Board of Trustees


Gary Cooper ....................................Pres. Bobby Mayfi eld ........................Vice Pres. Jim Loftin ..............................Secr.-Treas. Jack Teague ..................Asst Secr.-Treas. Randall Shankle ....................... Member Lynn Lamons ............................. Member Scott Manes .............................. Member Staff


Hamid Vahdatipour ..........................CEO Ben McCollum ..................Dir. of Finance Martin Walls ..................Dir. of Operations Stanley Young ................Dir. of Marketing Larry Mattes ...................................Editor Tina Glory-Jordan .......................Attorney


LREC Powerline Press


Offi ce Hours Monday-Friday


8:00 a.m. - 4:30 p.m. Telephone


800-364-LREC or 918-772-2526 Website:


www.lrecok.coop Locations


Hulbert, Wagoner & Tahlequah, OK.


Main Offi ce Address P.O. Box 127 Hulbert, OK 74441


Tax Allocation to Local Schools $$$$$$$


School District


Kansas


Fort Gibson Oaks Mission Hulbert Haskell Tahlequah Keys


Lowery Norwood Woodall


Shady Grove Peggs


Grandview Briggs Tenkiller Okay


Catoosa


Broken Arrow Porter Coweta Wagoner


Chouteau/Mazie Wickliffe


Locust Grove Skelly Westville Webber Falls Muskogee Braggs


Inola/Gregory Leach


Spavinaw Moseley Gore


Miles of Line


48.59


114.27 83.36 257.64 19.86 344.02 216.27 126.73 94.38 61.79 68.40 149.46 133.05 74.45 0.59 66.93 19.20 19.30 182.15 234.72 376.35 16.60 1.61


155.00 8.45 6.07 12.14 2.94 73.14 68.40 1.26 0.16 0.14 0.90


Taxes paid in 2013


$11,468.88 $26,969.53 $19,674.89 $60,806.97 $4,686.48 $81,193.30 $51,042.50 $29,910.61 $22,274.58 $14,582.20 $16,143.06 $35,273.94 $31,402.56 $17,570.25 $138.89 $15,795.37 $4,530.52 $4,554.29 $42,989.70 $55,397.90 $88,824.57 $3,918.94 $381.07 $36,580.28 $1,994.26 $1,432.00 $2,865.08 $692.96 $17,262.89 $16,145.28 $298.37 $38.31 $32.43 $213.46


Hidden Account Number Look for your account number hidden in this


issue of the Powerline Press. If you fi nd your number, Lake Region Electric will credit your next bill. To claim your credit, notify LREC’s Hulbert


offi ce by phone or mail during the month of publication. The amount increases by $10 with each


issue your prize goes unclaimed to a maximum of $50. For more information, call 800-364-LREC or 918-772-2526


Cooperative bylaws are available upon


request at Lake Region Electric Cooperative’s offi ce in Hulbert.


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