Comptroller Susan Combs Distributes $741 Million in Monthly Sales Tax Revenue to Local Governments
(AUSTIN) — Texas Comptroller Susan Combs said today that state sales tax revenue in January was $2.12 billion, up 6.1 percent compared to January 2012.
"Growth in sales tax receipts was led by the construction, retail trade and restaurant sectors," said Combs. "Receipts from oil and natural gas-related activity also continue to be strong. State sales tax revenue has now increased for 34 consecutive months."
Combs will send cities, counties, transit systems and special purpose taxing districts their February local sales tax allocations totaling $741 million, up 4.6 percent compared to February 2012.
|Special Purpose Taxing Districts||$37.5M||↑12.0%||↑12.2%|
The sales tax figures represent December sales reported by monthly tax filers as well as sales by businesses that report tax on a quarterly or annual basis.
For details of February 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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