Oklahoma City, OK – A tax amnesty program has kept tax collections used to fund state programs from falling behind schedule.
A report issued yesterday by state Treasurer Scott Meacham showed November revenues topped last year's collections, but only because the state took in $19.5 million from tardy taxpayers for the month.
Both income taxes and sales taxes were higher than a year ago, and gross production tax receipts for oil and gas increased 36.1 percent from November 2007. Motor vehicle tax collections, however, dropped 46 percent from a year ago.
Overall, the tax amnesty program that ended Nov. 14 will bring in about $82 million to the state treasury, $50 million more than expected.