Comptroller Distributes $802 Million in Monthly Sales Tax Revenue to Local Governments
AUSTIN, February 20, 2014 - Texas Comptroller Susan Combs said today that state sales tax revenue in January was $2.3 billion, up 8.3 percent compared to January 2013.
“Increases were seen across all major sectors of the Texas economy,” Combs said. “This indicates continued expansion in both consumer and business spending, and brings the growth in fiscal year-to-date collections to 4.6 percent compared with the previous year. Sales tax revenue has increased for 46 consecutive months.”
Combs will send cities, counties, transit systems and special purpose taxing districts their February local sales tax allocations totaling $802.1 million, up 8.2 percent compared to February 2013.
The sales tax figures represent December sales reported by monthly tax filers as well as October, November, and December sales by businesses that report tax quarterly.
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