Thursday, 21 November 2013 20:02

Council urges support for HB 1875

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The Newcastle City Council signed a resolution urging Newcastle’s state legislators to support a bill that could see the city sales tax revenue increase. 

House Bill 1875, authored by Rep. Charles McCall, R-Sulphur, and Sen. Clark Jolley, R-Edmond, would reduce the charges levied for the collection of sales and use tax by the Oklahoma Tax Commission. Under current law, the retention fee has ranged from one to 1.5 percent. If passed, HB1875 would lower the retention fee to .5 percent of a government entity’s collections. 

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