OKLAHOMA CITY —
The good news in Tuesday’s revenue report is that holiday shopping provided a huge boost to revenue collections, with December receipts totaling $172 million, an all-time record for any month and an increase of 12.1 percent over the same month a year ago. The previous record of $165.4 million was set in June.
“We knocked it out of the ball park on sales tax collections, a key indicator of economic health,” Doerflinger said.
Total income tax collections, which include individual and corporate income taxes, also were up in December, totaling $277 million, a 5.7 percent increase over December 2011.
Motor vehicle taxes produced nearly $12 million, a nearly 40 percent drop from December 2011, which revenue analysts suggest was an unusually high figure that resulted from pent-up demand for automobile purchases following the recession.