Texas- Sales Tax Revenues Fall by 9.3% in April 2020

For the past several weeks, the comptroller has been referring to the state of the economy as a recession. The latest sales tax figures give the first glimpse of how much the economic downturn will hurt the state budget. Texas Continue reading Texas- Sales Tax Revenues Fall by 9.3% in April 2020

Texas- Sales, use tax allocations not yet impacted by COVID-19 pandemic

On April 8, Texas Comptroller Glenn Hegar announced he would send cities, counties, transit systems and special purpose taxing districts $701.8 million in local sales tax allocations for April. That’s .05% less than April 2019. These allocations are made in Continue reading Texas- Sales, use tax allocations not yet impacted by COVID-19 pandemic

Texas- Sales tax holiday for emergency supplies to take place April 25-27, 2020

A sales tax holiday for emergency supplies that takes place every year in Texas is still on for the weekend of April 25 despite the ongoing coronavirus pandemic, Texas Comptroller Glenn Hegar announced April 14. The holiday allows Texans to Continue reading Texas- Sales tax holiday for emergency supplies to take place April 25-27, 2020

Texas- Comptroller recommends online shopping during sales tax holiday

With the annual sales tax holiday right around the corner, Texas Comptroller Glenn Hegar is urging Texans to shop online or to practice strict social distancing at stores while purchasing emergency supplies. The law that established the holiday, which begins Continue reading Texas- Comptroller recommends online shopping during sales tax holiday

Texas – Restaurants Asking For Tax Relief From State, But Officials Say They Need Those Revenues

Up against a Friday deadline, the broad base of workers in the Texas restaurant industry have asked Gov. Greg Abbott and other officials to waive monthly salestaxes due by the end of the day. Bobby Heugel, owner of several popular bars and Continue reading Texas – Restaurants Asking For Tax Relief From State, But Officials Say They Need Those Revenues

Texas – $764 Million Distributed In Monthly Sales Tax Revenue To Local Governments

Texas Comptroller Glenn Hegar announced he will send cities, counties, transit systems and special purpose taxing districts $763.8 million in local sales tax allocations for January, four percent more than in January 2019. These allocations are based on sales made in Continue reading Texas – $764 Million Distributed In Monthly Sales Tax Revenue To Local Governments

TEXAS – Comptroller Recently Released Publication For Taxability Of Security Services

Security Services in Texas Are now Taxable. You can find A list of The types of Companies which are required To remit and collect Taxes On the Texas comptroller website. Full Publication Here: Texas Comptoller comptroller.texas.gov

Texas – Texas Tech Banking Program Prepares Students for Modern Finance Careers

Cutting-edge technologies from phone apps to online security help retail banks retain relevance. But how do we ensure banking students enter the job market with current, practical experience and a comprehensive understanding of modern banking operations and practices? The Jerry Continue reading Texas – Texas Tech Banking Program Prepares Students for Modern Finance Careers

TEXAS – 2019 Sales Tax Holiday Set for Aug. 9-11

During this annual sales tax holiday, you can buy most clothing, footwear, school supplies and backpacks (sold for less than $100) tax free from a Texas store or from an online or catalog seller doing business in Texas. For More Information Visit: Continue reading TEXAS – 2019 Sales Tax Holiday Set for Aug. 9-11

TEXAS – Top State Leaders Have Agreed To Raise Sales Tax To Decrease Property Taxes

According to the Texas Comptroller’s Office, sales tax revenue has declined five times over the last 10 years. The office also notes that sales tax is more volatile than property taxes — between 1997 and 2017, the annual change in Continue reading TEXAS – Top State Leaders Have Agreed To Raise Sales Tax To Decrease Property Taxes