Texas Sales Tax Revenue Totaled $3.4 Billion in October

Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.41 billion in October, 25.2 percent more than in October 2020. The majority of October sales tax revenue is based on sales made in September and remitted to the agency in October.

Year-over-year increases for most tax revenues continue to be affected by base effects: Year-ago revenue collections to which this year’s collections are compared were suppressed by the pandemic. Compared to October 2019, sales tax collections were up 20.9 percent.

“October state sales tax collections again strongly surpassed pre-pandemic levels, reaching a new monthly high,” Hegar said. “Tax receipts from most major economic sectors were up by double-digit percentages from a year ago, indicating continued brisk spending by both businesses and consumers.

https://comptroller.texas.gov/about/media-center/news/20211101-state-sales-tax-revenue-totaled-34-billion-in-october-1635795047131

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