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 revenues to rural schools via the electric cooperative
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 taxes, but only 50 to 60 percent of these funds go to schools. In 2014, Lake Region Electric Cooperative (LREC) paid $724,447.81 in gross receipts tax. These funds benefited 34 local 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 dis- tricts have more miles of cooperative lines. Because rural schools benefit directly from these taxes, LREC and other Okla- homa electric cooperatives firmly support 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 officials.
Board of Trustees
Gary Cooper
....................................Pres. Bobby Mayfield
........................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
Office 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 Office Address P.O. Box 127 Hulbert, OK 74441
$$$$$$$
School District
Braggs Briggs
Broken Arrow Catoosa
Chouteau/Mazie Coweta
Fort Gibson Gore
Grandview Haskell Hulbert
Inola/Gregory Kansas Keys Leach
Locust Grove Lowery Moseley Muskogee Norwood
Oaks Mission Okay Peggs Porter
Shady Grove Skelly
Spavinaw Tahlequah Tenkiller Wagoner Webber Falls Westville Wickliffe Woodall
Miles of Line
74.97 74.52 19.29 18.37 16.56 235.27 114.41 0.90
133.38 19.82 258.86 68.58 49.49 216.80 1.26
155.68 127.72 0.13 2.93 94.66 83.52
66.1567 149.66 182.02 68.56 8.44 0.16
346.15 0.58
376.72 12.47 6.06 1.61 62.23
Taxes paid in 2014
$17,818.15 $17,713.10 $4,586.23 $4,367.38 $3,938.10 $55,918.62 $27,191.90 $214.95 $31,702.41 $4,711.90 $61,524.50 $16,301.60 $11,762.39 $51,528.64 $300.46 $37,000.58 $30,355.85 $32.66 $697.82 $22,498.19 $19,851.73 $15,723.47 $35,572.04 $43,262.52 $16,296.80 $2,008.24 $38.57
$82,269.75 $139.87 $89,537.42 $2,964.84 $1,442.04 $383.74 $14,791.35
Hidden Account Number Look for your account number hidden in this
issue of the Powerline Press. If you find your number, Lake Region Electric will credit your next bill. To claim your credit, notify LREC’s Hulbert
office 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 office in Hulbert.
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