March 29, 2019

Texas Comptroller’s Office Releases A Field Guide to the Taxes of Texas

(AUSTIN) — The Texas Comptroller’s office recently released A Field Guide to the Taxes of Texas, a periodic report providing an overview of Texas’ major state taxes.

Every two years, the state collects more than $200 billion in state taxes and fees, federal receipts and other sources of revenue. These funds are used to pay for all of the responsibilities of state government. In A Field Guide to the Taxes of Texas, readers can:

• learn how major taxes have contributed to state revenue during the past 10 years;
• see future revenue estimates, exemption value estimates and tax allocations; and
• connect to other in-depth resources about state taxes and finances.

“As the Legislature continues to work through the budgeting process and lawmakers weigh crucial issues such as school finance reform and property tax relief, my office works to provide the data and expertise needed to make key decisions affecting the people of Texas,” Texas Comptroller Glenn Hegar said. “This guide highlights and compiles useful information from a variety of Comptroller reports in one easy-to-reference spot.”

To find additional reports that highlight state spending and revenue, go to the Comptroller’s website.