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Co-op Gross Receipts Taxes Pay $1.4 Million To Schools Funds collected from co-op members stay at home to help financially-strapped public schools


W


hen it comes to supporting local schools, Choctaw Electric Cooperative (CEC) and its


members should earn an "A." CEC, along with Oklahoma's other electric co-ops, pumps millions of dollars in tax revenue to cash-strapped rural schools.


In 2015, Oklahoma's electric cooperatives paid over $44.2 million in gross receipts tax. Gross receipts taxes are collected from members by their electric co- ops and paid to the Oklahoma Tax Commission. The Tax Commission then distributes the money to schools based on the number of miles of electric cooperative line in each school district.


CEC collected $885,033.57 in gross receipts taxes last year while Western Farmer's Electric Cooperative collections in this area totaled $552,001.71. The collective $1.4 million was distributed to 27 schools in southeast Oklahoma.


CEC and other electric cooperatives have long supported the gross receipts tax because it benefits local schools. Ninety-five percent of all cooperative gross receipts taxes go directly to schools. The remaining five percent is retained by the Tax Commission to cover administrative fees and other costs. While state investor-owned utilities pay ad valorem taxes, only 50 to 60 percent of these funds go to schools.


“The electric co-op gross receipt tax helps


provide a better learning environment for rural students," said Joe Harris, CEC interim general manager. "That's one of the best ways we can help our local communities."


Would you like to know more about the Electric Cooperative Gross Receipt Tax?


The collection and distribution of the electric cooperative gross receipt tax is covered in Oklahoma Statute (O.S.) Title 68, Sections 1803-1806.


School Antlers Battiest


Bennington Boswell


Broken Bow Clayton Denison


Eagletown


Forest Grove Ft. Towson Glover Grant


Haworth


Holly Creek Hugo Idabel Lane


Lukfata Moyers


Nashoba Rattan


Smithville Soper Swink


Valliant


Whitesboro Wright City


TOTALS 6 | MAY 2016 | CEC Inside Your Co-op CEC


$88,755.26 $48,145.34 $2,059.77 $21,196.00


$67,441.51 $13,858.85 $12,129.99 $23,660.11 $19,211.49 $45,167.32 $16,521.90 $34,171.38 $66,301.64 $15,611.94 $54,866.14 $30,853.85 $30,253.98 $13,923.43 $29,028.74 $18,011.88 $73,059.03 $48,062.36 $33,663.05 $6,296.94 $45,854.19 $2,377.53 $24,549.95


$885,033.57 WFEC


$47,775.36 $9,663.35 $23,549.33 $30,993.08


$63,312.51


$19,705.65 $568.43


$21,573.35 $75,953.36


Total


$136,530.62 $57,808.69 $25,609.10 $52,189.08


$2,111.32


$10,908.48 $51,294.23 $12,776.19 $43,173.77 $10,448.32


$216.55 $24,740.33


$22,980.90 $20,355.28 $59,901.92


$130,754.02 $13,585.85 $31,835.64 $24,228.54 $40,784.84 $121,120.68 $16,521.90 $34,171.38 $68,412.96 $26,520.42 $106,160.37 $43,630.04 $73,427.75 $24,371.75 $29,028.74 $18,228.43 $97,799.36 $48,062.36 $56,643.95 $26,652.22 $105,756.11 $2,377.53 $24,549.95


$552,001.71 $1,437,035.28


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