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Cooperative Supports Area Schools Gross receipts tax distributions


D


URING the fi scal year ending June 2016, North- east Oklahoma Electric Cooperative paid gross


receipts tax totaling $1,378,724.72 Ninety-fi ve per- cent of this total was divided among the 34 schools in the cooperative’s service area.


Not-for-profi t electric cooperatives are exempt from paying federal income tax. However, they do pay fuel tax, both state and federal unemployment tax, Social Security, Medicare and gross receipts tax—in lieu of the ad-valorem tax paid by for-profi t utility companies.


The gross receipts tax collected for a given year represents two percent of each member’s electric bill. Ninety-fi ve percent of this tax is paid directly to schools within our service area, based on the miles of line the cooperative maintains within each school district.


The remaining fi ve percent of the collected gross receipts tax is withheld by the state for collection and handling fees.


By paying a percentage of the cooperative’s gross income to support area school districts, Northeast Oklahoma Electric Cooperative members are sharing in the responsibility of educating today’s youth.


The chart provided at right details the school systems by county and the amounts they received. z


School Distributions


Craig County Bluejacket Welch


White Oak


Delaware County Grove Jay


Kansas Colcord


$80,774.95 $78,470.38


Vinita $39,469.02 Ketchum


$33,186.50 $31,900.81


$169,693.27 $135,969.10 $61,452.27 $56,021.70


Cleora $25,793.02 Moseley Leach Oaks


Kenwood


Mayes County Adair Pryor


Chouteau-Mazie


$22,756.15 $17,737.19 $11,213.26 $8,757.20


$63,694.39 $37,422.95 $37,086.55


Salina $35,457.82 Locust Grove Wickliffe Osage


Spavinaw


Nowata County Oklahoma Union


Ottawa County Wyandotte Fairland Afton Maimi


Quapaw


Commerce Turkey Ford


$946.66


$66,835.72 $47,336.95 $34,695.11 $32,004.45 $31,642.32 $16,879.93 $15,811.62


Rogers County Chelsea $52,599.12 Inola $2,825.14 Sequoyah Foyil


TOTAL


$27,939.15 $13,300.84 $10,877.52 $8,163.22


$849.79 $224.41


$1,309,788.48 August 2016 - 9


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