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Hawkins Sales Tax returns: January

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Hawkins Sales Tax returns: January
Sales Tax up 24 percent;
All taxing entities up
By JOHN SPARKS


Sales tax returns for the City of Hawkins to start the new year showed a 24 percent gain in returns for January 2011 over January 2010. All six Wood County municipalities experienced comparative gains for the month that averaged 17.74 percent.
The sales tax funds are collected by local merchants, sent to the Texas Comptroller along with the state's six and-a-quarter cents tax on each dollar of retail purchase. Hawkins' local portion-one-and-one-half cents/dollar-is then returned two months later (November retailer collections returned in January). Merchants in the unincorporated county areas collect a half-cent sales tax on each dollar sale with the local portion going into the county's general fund.
January's receipts of $17,725.72 for the City of Hawkins are distributed to the two budgets supported by the sales tax, with approximately $11,817.15 deposited into the city's general fund and the remaining $5,908.57, representing a half-cent sales tax, into the Hawkins Community Development Corporation budget.
Comparative figures for sales tax returns for the month of January(as collected in November) for each city and the county follow with commentary furnished by Gary McKinley, executive director of the Wood County Industrial Commission: