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|Comptroller Distributes Monthly Sales Tax Revenue|
|Written by Clayton Neville|
|Wednesday, 06 August 2014 14:13|
Texas Comptroller Susan Combs said today that state sales tax revenue in July was $2.34 billion, up 6.3 percent compared to July 2013.
“The growth in sales tax revenues reflected strength in both business and consumer spending,” Combs said. “The increase was led by remittances from the construction, services, and oil and natural gas-related sectors, as well as from retail trade and restaurants. Fiscal year-to-date, state sales tax collections are now up 5.3 percent.”
Combs will send cities, counties, transit systems and special purpose taxing districts their August local sales tax allocations totaling $706.9 million, up 5.3 percent compared to August 2013.
The sales tax figures represent monthly sales made in June as well as April, May and June sales by businesses that report tax quarterly.