state sales tax revenue

State Sales Tax Revenue Totaled $3.7 Billion in May

Texas Comptroller Glenn Hegar

(AUSTIN) — Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.69 billion in May, 8.6 percent more than in May 2021. Annual revenue growth of 8.6 percent suggests modest growth in underlying taxable economic activity, in view of the current inflationary environment with Consumer Price Index inflation at 8.3 percent in April.  The majority of May sales tax revenue is based on sales made in April and remitted to the agency in May.  “Strong, […]

State Sales Tax Revenue Totaled $2.4 Billion in June

Texas Comptroller Glenn Hegar

(AUSTIN) — Texas Comptroller Glenn Hegar said today that state sales tax revenue totaled $2.4 billion in June, 10.3 percent more than in June 2016. “Growth in sales tax revenue was due to increased collections from most sectors of the economy — though the gains still did not offset May’s weaker-than-expected franchise tax collections,” Hegar said. “Receipts from the wholesale trade, information and oil- and gas-related sectors in particular saw significant gains.” Total sales tax revenue […]

State Sales Tax Revenue Totaled $2.44 Billion in April

Texas Comptroller Glenn Hegar

(AUSTIN) — Texas Comptroller Glenn Hegar said today that state sales tax revenue totaled $2.44 billion in April, 2.5 percent more than in April 2016. “The modest growth in state sales tax revenue reflects increased business spending in some sectors,” Hegar said. “While net collections from oil and gas companies remain depressed, receipts from the manufacturing and wholesale trade sectors were up markedly. The results of consumer spending appear mixed, with increased tax collections from restaurants […]