[FISCAL NOTES] How Texas Taxes "Sin"

Texas Comptroller of Public Accounts sent this bulletin at 11/16/2015 04:09 PM CST
Fiscal Notes: A review of the Texas Economy from the Texas Comptroller of Public Accounts
  
"Sin Tax" Levies Play Dual Role in Texas
 
  Photograph of liquor bottles in a line
 
Texas collects most of its tax revenue on retail sales and various forms of business activity. Some taxes, however, commonly called "sin taxes," are levied on the sale of alcohol and tobacco products as well as activities related to gambling.

In our November issue of Fiscal Notes, we explore the history and current impact of sin taxes. We also highlight the way Texas funds student financial aid, and show how small business can be good business for those engaged in microfinance. 

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