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Sales tax rebates down in Hood

May 18, 2013

Sales tax chart 5-18-13.pdf

Texas Comptroller Susan Combs reports state sales tax revenue in April was $2.15 billion, up 3.9 percent compared to April 2012.

Unlike the state-wide average, collections were down across Hood County.

The sales tax collected in March was turned over to the state in April and returned to cities and counties in May.

“Sales tax collections were up in a range of sectors from construction and manufacturing to restaurants,” Combs said. “As expected, the rate of growth in state sales tax revenue is moderating compared to double-digit growth rates we recently experienced.”

Combs will send cities, counties, transit systems and special purpose taxing districts their May local sales tax allocations totaling $668.5 million, up 5.6 percent compared to May 2012.

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Category: Business News Archived