| for your information Co-op Tax Benefits Local Schools
Collected by CEC and paid to the State, the electric co-op gross receipts tax provides a financial boost to rural schools
C
hoctaw Electric members with billing questions often wonder about the gross receipts tax they
pay every month. Why would a not- for-profit cooperative collect taxes?
For one, it's state law—and its a tax that CEC and other co-ops are happy to pay. Why? Ninety-five percent of collections go to schools in their service areas. The remaining five percent is retained by the Oklahoma Tax Commission to pay costs associated with administering the tax funds.
Oklahoma statutes require electric co-ops to pay a two percent gross receipts tax on the annual sale and distribution of electricity. In 2016, CEC and its power supplier Western Farmers Electric Cooperative paid nearly $12.8 million in gross receipts taxes for schools in southeast Oklahoma.
Community Events
Help us promote your event by sending event details in advance. Please send event information to Jennifer Boling/Inside Your Co-op/ PO Box 758, Hugo, OK 74743; or e-mail info to
jboling@choctawelectric.coop. Events and dates are subject to change.
The amount paid to schools is determined by the number of miles of CEC and WFEC power line in each school district.
Co-ops prefer the gross receipts tax structure because it provides direct financial help to local schools. Only 50-60 percent of ad valorem taxes collected by investor owned utilities benefit schools.
If you have questions about the gross receipts tax, please call your co-op at 800-780-6486 or email
info@choctawelectric.coop.
2016 GROSS RECEIPTS TAX PAID TO LOCAL SCHOOLS Choctaw Electric Cooperative and Western Farmers Electric Cooperative Collections
Boswell............................................$46,957.60
Ft.Towson.......................................$110,259.77 Soper................................................$50,033.04 Hugo...............................................$103,879.66
Haworth.........................................$58,781.59 Valliant............................................$99,253.45 Eagletown.......................................$19,193.00 Smithville........................................$40,151.92
Whitesboro.......................................$1,993.50 Wright City....................................$20,230.08 Forest Grove...................................$34,726.60 Lukfata............................................$23,465.84 Glover..............................................$12,242.24 Denison...........................................$28,948.58 Holly Creek.....................................$21,020.09 Idabel...............................................$41,694.34
Lane..................................................$72,528.51 Moyers............................................$24,495.42 Bennington......................................$23,853.13
Grant...............................................$15,616.81 Swink..............................................$23,486.78
Battiest ........................................$54,406.67 Broken Bow...................................$115,311.48 Nashoba ........................................$15,703.29 Rattan.............................................$82,651.68 Clayton...........................................$11,826.89 Antlers..........................................$120,212.03
APRIL 1
4 5 5 8 6 10 14
15 22
MAY 31-
June 4
Lucky Account #35549600 ($25 Bill Credit). If the account number
above belongs to you, contact your co-op by the 10th of the month to claim your $25 bill credit. Call Jennifer Boling at 800-780-6486, ext. 207, or contact CEC via email or in person.
Dogwood Days Festival Idabel
Member Appreciation Day CEC, Idabel
Member Appreciation Day CEC, Hugo
District D Meeting, 5:00 pm Wright City School
American Youth Leadership Powwow, McCurtain Co. Sports Complex, Broken Bow
Member Appreciation Day CEC Antlers
Town Hall w/Mark Wayne Mullins, location TBA
Good Friday CEC offices closed
Easter Sunday Beavers Bend Kayak Classic PRCA Rodeo, Hugo
CEC Inside Your Co-op | APRIL 2017 | 5
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