Gross receipts tax distributed to local schools
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Did you know the “tax” you see on your electric bill is used to distribute to local schools in CHEC’s service area? Under Oklahoma law, all not-for-profit electric cooperatives like CHEC must collect a 2 percent gross receipts tax. Each year, CHEC pays two percent of the gross receipts derived by the sale and distribution of electric energy to the state. Ninety-five percent of the gross receipts taxes paid by CHEC to the Oklahoma Tax Commission is then distributed to the schools within CHEC’s service territory and is distributed based upon CHEC’s miles of power lines within each school district. For the 2019-2020 fiscal year for Oklahoma, CHEC paid $609,455.16 on 2,956 miles of line for 24 schools in the seven-county service territory.
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