OC Tax off to good start
The first month of the McCreary County Occupational Tax receipts show a strong start to the new fiscal year.
According to data released by McCreary County Judge Executive Doug Stephens’ Office, for the period of July 1 through July 31 at total of 151,184.43 was collected in occupational tax receipts.
That total is the highest first month total in the past four years since monthly breakdowns were released.
July 2014 saw a little over $140,000 in collections, while 2013 and 2012 saw around $139,000 each month.
The first month of the fiscal year has traditionally been one of the highest totals collected over the 12-month period. August and September receipts over the past three years have only averaged about $54,000 combined.
In the current budget, county officials are estimating $1,000,000 in revenue from Occupational Tax funds this year.
A total of just over $1.1 million was collected last year, but some of that revenue can be attributed to collections on past due accounts.
The County is currently offering amnesty period through August 21 for past due accounts.
Anyone who owes back OC Taxes who pays in full during that period will have all penalties and interest forgiven. Those who make arrangements to pay on installments would have the penalties waived, but would still owe interest.