Sales tax income continues to rise
Wood County shoppers paid $100,000 more in sales taxes in December 2019 than in December 2018.
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Sales tax income continues to rise
Wood County shoppers paid $100,000 more in sales taxes in December 2019 than in December 2018.
Sales taxes generated $497,493 for six Wood County cities and $222,350 for the county for December 2019 compared to $426,244 and $194,528 the prior year.
The figures were reported by the state comptroller’s office.
The February report represents primarily sales made by retailers in December and reported to the state in January. Cities are rebated their shares monthly.
The six cities each collect a 1.5% sales tax on top of the state’s 6.25%. The county collects a half-percent for a total 8.25% tax on all retail sales inside cities.
All six cities and the county reported higher tax income for February as well as for the first two months of the year.
The county is reporting a 13.7% increase so far this year, with the February rebate rising by 14.3%
County taxpayers contributed $222,350 in the February report, up from $194,528 a year ago. For the first two months of the year county sales tax income is $398,622 compared to $350,610.
Mineola received $237,363 in February for a 13.8 percent gain. That brought 2020 income up to $437,284, a rise of almost 16 percent.
Quitman showed a 14 percent increase for February to $74,969. For the year the city has earned $138,110, a 14.5 percent hike.
Winnsboro pocketed $116,629 for February and has gained $212,733 so far this year. Those figures are up nine and six percent, respectively.
Alba shows a substantial increase since 2019. The monthly rebate of $21,163 is up 46 percent while the two-month total of $42,012 represents a 67 percent jump.
Yantis sales tax income was $8,872 in February and is $14,908 for the year. Those figures rose 17 and 13 percent, respectively.
Hawkins sales tax income of $38,494 compares to $22,944 in February 2019. For the first two months, income is up 34 percent to $59,081.
Combined the six cities have collected $904,131 as their share of sales tax revenue this year, compared to $780,634 for the first two months of 2019.
Combined with the county, sales tax income is $1,302,753 for Wood County government entities.
