Comptroller Susan Combs Distributes $531 Million in Monthly Sales Tax Revenue to Local Governments
(AUSTIN) — Texas Comptroller Susan Combs said today that state sales tax revenue in February was $2.08 billion, up 3.7 percent compared to February 2012.
“Sales tax revenues continue to grow, but at a more moderate pace compared to recent months,” Combs said. “The latest increase was led by receipts from the construction and restaurant sectors. Collections from other major sectors such as oil and natural gas-related businesses and manufacturing remain at high levels.”
Combs will send cities, counties, transit systems and special purpose taxing districts their March local sales tax allocations totaling $531.3 million, up 12.2 percent compared to March 2012.
|Special Purpose Taxing Districts||$27.7M||↑20.7%||↑14.6%|
The sales tax figures represent January sales reported by monthly tax filers as well as sales by businesses that report tax on a quarterly or annual basis.
For details of March sales tax allocations to individual cities, counties, transit systems and special purpose districts, locate the Monthly Sales Tax Allocation Comparison Summary Reports on the Comptroller’s Web site at www.window.state.tx.us/taxinfo/allocsum/compsum.html.
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