Top navigation skipped
Total Tax Collections
Sales Tax Collections, 1997 to 2022
Severance Tax Collections, 1997 to 2022
January 2023
Biennial Revenue Estimate
Revenue Collections
Total Tax Collections
1997 to 2022
(All Funds, Excluding Trusts)
The
maximum
change in years
prior to 2022:
13%
change in 2022:
26%
| Year | Total Collections (in Billions) |
|---|---|
| 1997 | $21.19 |
| 1998 | $22.63 |
| 1999 | $23.61 |
| 2000 | $25.28 |
| 2001 | $27.23 |
| 2002 | $26.28 |
| 2003 | $26.13 |
| 2004 | $27.91 |
| 2005 | $29.84 |
| 2006 | $33.54 |
| 2007 | $36.96 |
| 2008 | $41.36 |
| 2009 | $37.82 |
| 2010 | $35.37 |
| 2011 | $38.86 |
| 2012 | $44.08 |
| 2013 | $47.78 |
| 2014 | $50.99 |
| 2015 | $51.68 |
| 2016 | $48.48 |
| 2017 | $49.64 |
| 2018 | $55.58 |
| 2019 | $59.38 |
| 2020 | $57.38 |
| 2021 | $61.47 |
| 2022 | $77.21 |
| 2023 | $81.59 |
Texas has seen record growth in All Funds revenue tax collections, due to a vigorous economic rebound after pandemic restrictions were lifted, high energy prices and inflation. The increase for fiscal 2022 was 25.6 percent compared to the previous year. Since 1997, the growth rate has exceeded the prior fiscal year by double digits only five times — and the largest previous increase was 13.4 percent.
Sales Tax Collections, 1997 to 2022
(All Funds, Excluding Trusts)
| Year | Sales Tax (in Billions) |
|---|---|
| 1997 | $11.34 |
| 1998 | $12.46 |
| 1999 | $13.07 |
| 2000 | $13.98 |
| 2001 | $14.66 |
| 2002 | $14.52 |
| 2003 | $14.28 |
| 2004 | $15.42 |
| 2005 | $16.31 |
| 2006 | $18.28 |
| 2007 | $20.27 |
| 2008 | $21.60 |
| 2009 | $21.01 |
| 2010 | $19.63 |
| 2011 | $21.48 |
| 2012 | $24.19 |
| 2013 | $25.94 |
| 2014 | $27.39 |
| 2015 | $28.91 |
| 2016 | $28.25 |
| 2017 | $28.90 |
| 2018 | $31.94 |
| 2019 | $34.02 |
| 2020 | $34.10 |
| 2021 | $36.02 |
| 2022 | $42.97 |
| 2023 | $45.35 |
| 2018 | 31,937,235 |
| 2019 | 34,023,916 |
| 2020 | 34,099,115 |
| 2021 | 36,019,605 |
| 2022 | 42,971,904 |
| 2023 | 45,346,435 |
Severance Tax Collections, 1997 to 2022
(All Funds, Excluding Trusts)
| Year | Sales Tax (in Billions) |
|---|---|
| 1997 | $1.14 |
| 1998 | $0.88 |
| 1999 | $0.70 |
| 2000 | $1.11 |
| 2001 | $2.04 |
| 2002 | $0.97 |
| 2003 | $1.49 |
| 2004 | $1.89 |
| 2005 | $2.34 |
| 2006 | $3.20 |
| 2007 | $2.73 |
| 2008 | $4.12 |
| 2009 | $2.29 |
| 2010 | $1.73 |
| 2011 | $2.58 |
| 2012 | $3.64 |
| 2013 | $4.49 |
| 2014 | $5.77 |
| 2015 | $4.16 |
| 2016 | $2.28 |
| 2017 | $3.09 |
| 2018 | $4.82 |
| 2019 | $5.57 |
| 2020 | $4.15 |
| 2021 | $5.02 |
| 2022 | $10.83 |
| 2023 | $11.17 |