Texas Comptroller of Public Accounts
FOR IMMEDIATE RELEASE
February 2, 2016
(AUSTIN) — Texas Comptroller Glenn Hegar said today that state sales tax revenue in January totaled $2.47 billion, down 4 percent compared to January 2015.
"As expected, reduced spending in oil and gas-related sectors resulted in a fall in total sales tax revenue," Hegar said. "Collections from industries mainly driven by consumer spending, including retail trade, restaurants, and services, continued to grow, as did receipts from the construction sector.
"I would also note the sales tax collections in January 2015 were a record high and represented a double-digit percentage increase over January 2014, meaning this month's collections are being compared to unusually high collections from a year ago."
Total sales tax revenue for the three months ending in January 2016 is down 2.8 percent compared to the same period a year ago. Sales tax revenue is the largest source of funding for the state budget, accounting for 56 percent of all tax collections. Motor vehicle sales and rental taxes, motor fuel taxes and oil and natural gas production taxes also are large revenue streams for the state. Below are total collections from those taxes in January 2016:
For details on all monthly collections, visit the Comptroller's Monthly State Revenue Watch.
Media Note: To provide greater transparency and eliminate confusion regarding state sales tax revenues and local sales tax allocations, the Comptroller's office has begun providing one press release announcing state revenues and another announcing local allocations. The release detailing state sales tax revenues will be issued at the beginning of each month, while the release detailing sales tax allocations to local taxing entities will continue as before. All recipients of the former single press release were automatically signed up to receive both releases.
In 2015, the Texas Legislature passed House Bill 855, which requires state agencies to publish a list of the three most commonly used Web browsers on their websites. The Texas Comptroller’s most commonly used Web browsers are Google Chrome, Microsoft Internet Explorer and Apple Safari.