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Annual Percentage Change of Tax Collections
July 2022 Tax Revenue
Certification Revenue Estimate
Annual Percentage Change of Tax Collections
Fiscal Years 1997-2022
(All funds tax collections)
Texas has recently experienced a sustained period of historically high revenues. State sales tax revenues, which account for 59 percent of all funds tax collections, surged in June with strong growth in all major economic sectors. Motor vehicle sales and rental tax collections are setting records; before May 2021, this revenue source had never topped $500 million. Oil and natural gas production taxes also hit high marks in June, although severance taxes are historically volatile.
| Year | Sales Tax Collections Percent Change | Motor Vehicle Sales and Rental Tax Collections
Percent Change | Severance Tax Collections Percent Change | Total Tax Collections Percent Change |
|---|---|---|---|---|
| 1997 | 5.1% | 4.3% | 38.5% | 7.2% |
| 1998 | 9.9% | 11.1% | -23.0% | 6.8% |
| 1999 | 4.9% | 9.1% | -20.4% | 4.3% |
| 2000 | 6.9% | 12.0% | 59.3% | 7.1% |
| 2001 | 4.9% | 4.4% | 83.0% | 7.7% |
| 2002 | -1.0% | 1.5% | -52.6% | -3.5% |
| 2003 | -1.6% | -8.7% | 54.4% | -0.6% |
| 2004 | 8.0% | 1.7% | 26.5% | 6.8% |
| 2005 | 5.8% | 3.9% | 23.9% | 6.9% |
| 2006 | 12.0% | 8.0% | 36.9% | 12.4% |
| 2007 | 10.9% | 8.1% | -14.7% | 10.2% |
| 2008 | 6.6% | 0.5% | 50.9% | 11.9% |
| 2009 | -2.7% | -22.2% | -44.4% | -8.5% |
| 2010 | -6.6% | 1.1% | -24.3% | -6.5% |
| 2011 | 9.4% | 13.2% | 48.9% | 9.9% |
| 2012 | 12.6% | 19.5% | 40.9% | 13.4% |
| 2013 | 7.2% | 9.0% | 23.3% | 8.4% |
| 2014 | 5.6% | 8.5% | 28.7% | 6.7% |
| 2015 | 5.6% | 7.2% | -28.0% | 1.4% |
| 2016 | -2.3% | 2.2% | -45.1% | -6.2% |
| 2017 | 2.3% | -1.8% | 35.3% | 2.4% |
| 2018 | 10.5% | 9.7% | 56.1% | 12.0% |
| 2019 | 6.5% | 0.7% | 15.5% | 6.8% |
| 2020 | 0.2% | -3.9% | -25.4% | -3.4% |
| 2021 | 5.6% | 19.0% | 20.8% | 7.1% |
| 2022* | 18.8% | 9.9% | 113.0% | 24.2% |
* Amount estimated in 2022-23 CRE, updated July 2022