PRESS RELEASE: State Sales Tax Revenue Totaled Nearly $2.9 Billion in June
Texas Comptroller of Public Accounts sent this bulletin at 07/02/2019 02:37 PM CDT
|
Contact: |
512-463-4070 |
1-800-531-5441 ext. 3-4070 |
| FOR IMMEDIATE RELEASE | ||
|
July 2, 2019 State Sales Tax Revenue Totaled Nearly $2.9 Billion in June(AUSTIN) — Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $2.86 billion in June, 3.3 percent more than in June 2018. “Moderate growth in state sales tax revenue was led by receipts from the oil- and gas-mining, construction and services sectors,” Hegar said. “Tax receipts from restaurants also were up significantly, while growth in collections from retail trade was negligible.” Total sales tax revenue for the three months ending in June 2019 was up 5.1 percent compared to the same period a year ago. Sales tax is the largest source of state funding for the state budget, accounting for 57 percent of all tax collections. In June 2019, Texas collected the following revenue from other major taxes:
For details on all monthly collections, visit the Comptroller's Monthly State Revenue Watch. For an extensive history of tax policy developments and fees since 1972, visit our updated Sources of Revenue publication. |
||
|
|
||
|
Our office does not monitor direct replies to this email address. To find contact information for Comptroller's office employees and divisions, please visit Comptroller.Texas.Gov.
|
