Texas Comptroller Glenn Hegar

Sales Tax Holidays for Water-Efficient and ENERGY STAR® Products Set for May 29-31

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar is reminding families and businesses that they can save on the purchase of certain water- and energy-efficient products during the state’s Water-Efficient Products and ENERGY STAR® sales tax holidays. The holidays, created by the Texas Legislature, both take place Saturday, May 29, through Monday, May 31. The Texas Comptroller’s office estimates shoppers will save about $13.4 million in state and local sales tax. “Outdated water systems and inefficient appliances, along with triple-digit temperatures, can […]

Texas Comptroller’s Office: Certain Loans Forgiven by Federal Government Not Considered Income for Franchise Tax Reports

Texas Comptroller Glenn Hegar

Texas businesses that had COVID-related relief loans forgiven by the federal government do not have to report those loan proceeds as income on their 2021 franchise tax reports, the Texas Comptroller’s office announced today after a bill related to the treatment of those loan dollars was passed by the Legislature and signed by Gov. Abbott. House Bill (HB) 1195 applies to franchise tax reports originally due on or after Jan. 1, 2021. Forgiven loan proceeds […]

Comptroller Glenn Hegar Distributes Nearly $1.1 Billion in Monthly Sales Tax Revenue to Local Governments

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar announced today he will send cities, counties, transit systems and special purpose taxing districts $1.06 billion in local sales tax allocations for May, 28.4 percent more than in May 2020 and 21.9 percent more than in May 2019. These allocations are based on sales made in March by businesses that report tax monthly and sales made in January, February and March by quarterly filers. LOCAL SALES TAX ALLOCATIONS (May 2021) Recipient […]

Texas Comptroller Glenn Hegar to Release Revised Biennial Revenue Estimate

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar today will issue a revision to the Biennial Revenue Estimate (BRE). Hegar’s revision updates his original January BRE and is based on changes in estimated revenue collections and updated Legislative Budget Board estimates of the state obligation for Foundation School Program (FSP) funding. Hegar will host a virtual news conference at 2 p.m. to discuss the revenue estimate. Members of the media can watch the news conference via Microsoft Teams and submit questions […]

Fiscal Notes: Public Transit in Texas

Texas Comptroller Glenn Hegar

Texas is served by thousands of public vehicles ranging from buses and “dial-a-ride” cars to light rail systems, all of them operated by 75 public entities throughout the state. Those public transit systems took riders on 274 million trips in fiscal 2019. In the recently released April edition of Fiscal Notes, we examine their operations, their funding and the challenges they face. “Ridership on Texas public transit systems has been declining for several years now, due […]

Sales Tax Holiday for Emergency Supplies, April 24-26

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar reminds Texans they can purchase certain items tax-free during the state’s sales tax holiday for emergency preparation supplies, which begins at 12:01 a.m. on Saturday, April 24, and ends at midnight on Monday, April 26. There’s no limit on the number of qualifying items you can purchase. These include: household batteries, fuel containers and flashlights priced at less than $75; hurricane shutters and emergency ladders priced at less than $300; and […]

Texas Comptroller Glenn Hegar Partners with Texas Lawmakers to Promote Financial Literacy Month

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar is partnering with members of the Texas Legislature to help give young Texans the knowledge and skills they need to make better-informed personal financial decisions in saving, spending, borrowing and planning. The partnership is in concert with nationwide Financial Literacy Month, which began April 1. “The events of the past 12 months have only highlighted the need to promote financial literacy at an early age,” Hegar said. “As the school year winds down, […]

Sales Tax Holiday for Emergency Supplies, April 24-26

Texas Comptroller Glenn Hegar

With the potential for severe weather approaching, Texas Comptroller Glenn Hegar reminds Texans they can purchase certain items tax-free during the state’s sales tax holiday for emergency preparation supplies, which begins at 12:01 a.m. on Saturday, April 24, and ends at midnight on Monday, April 26. “While we can’t know when the next flood, tornado or hurricane may strike, we can make sure our families, homes and businesses have the supplies they need to face […]

Comptroller Glenn Hegar Distributes $677 Million in Monthly Sales Tax Revenue to Local Governments

Texas Comptroller Glenn Hegar

Texas Comptroller Glenn Hegar announced today he will send cities, counties, transit systems and special purpose taxing districts $677.3 million in local sales tax allocations for April, 3.5 percent less than in April 2020. These allocations are based on sales made in February by businesses that report tax monthly. LOCAL SALES TAX ALLOCATIONS (April 2021) Recipient April 2021 Allocations Change from April 2020 Year-to-date Change Cities    $436.0M ↓2.7% ↑1.1% Transit Systems $145.7M ↓5.9% ↓3.4% Counties $40.0M […]

State Sales Tax Revenue Totaled $2.6 Billion in March

Texas Comptroller of Public Accounts Glenn Hegar certifies the Texas budget for the 2018–19 biennium.

Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $2.63 billion in March, 2.4 percent less than in March 2020. This amount, however, includes some revenue remitted in March that in normal circumstances would have been received by the state in February. The majority of March sales tax revenue is based on sales made in February and remitted to the agency in March. This year, however, the Feb. 22 due date for state taxes and […]