Monthly sales tax revenue distributed by comptroller

September 15, 2012

Sales tax chart 9-15-12.pdf

State sales tax revenue in August was $2.34 billion, up 18.5 percent compared to last August, according to Texas Comptroller Susan Combs.

Sales tax collections in July were sent to the state in August, and state allocations to the taxing entities will be sent in September.

Hood County’s allocation of $494, 402 is up 11 percent compared to the same month last year.

Granbury continues with a steady increase, and sales tax revenue is up nine percent for the year.

“The strong business and consumer spending trend boosted the monthly sales tax revenue, as did money remitted at the close of the state’s tax amnesty which ended in August,” Combs said.

“The state’s sales tax revenue for fiscal 2012 was $24.1 billion, about 12.6 percent higher than the previous fiscal year.

Collections from business sectors such as the oil and natural gas industry and consumer sectors including retail trade increased sales tax revenue for the fiscal year.”

Combs will send July sales tax allocations totaling $559.2 million to cities, counties, transit systems and special purpose taxing districts.

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Category: Business News Archived