Tax Revenue

State Sales Tax Revenue Totaled Nearly $3 Billion in November

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $2.98 billion in November, 6.3 percent less than in November 2019. The majority of November sales tax revenue is based on sales made in October and remitted to the agency in November. “November state sales tax collections continued the trends of recent months, with receipts down from a year ago in all major economic sectors other than retail trade,” Hegar said. “Increased collections from retail […]

Fiscal Notes: Chapter 313 Agreements – Trading Tax Limitations for Development

Texas Comptroller Glenn Hegar

In the recently released November edition of Fiscal Notes, the Comptroller’s office examines the 2001 Texas Economic Development Act, created to give Texas a competitive edge in business location decisions and codified as Chapter 313 of the Texas Tax Code. Chapter 313 allows school districts to temporarily limit a property’s appraised value to encourage business investment within their borders. The property owner agrees to create a certain number of permanent, full-time jobs, called “qualifying jobs,” and […]

Comptroller Glenn Hegar Distributes $751 Million in Monthly Sales Tax Revenue to Local Governments

Texas Comptroller Glenn Hegar announced today he will send cities, counties, transit systems and special purpose taxing districts $751.5 million in local sales tax allocations for October, 2.8 percent less than in October 2019. These allocations are based on sales made in August by businesses that report tax monthly. The COVID-19 pandemic continues to weigh on the Texas economy and sales tax revenue. LOCAL SALES TAX ALLOCATIONS (Oct. 2020) Recipient Oct. 2020Allocations Change fromOct. 2019 Year-to-dateChange […]