State sales tax revenue totaled $2.45 billion in January, 0.7 percent less than in January 2016, according to figures released by the Texas Comptroller’s office this week.
“Sales tax collections reflect tepid spending by both businesses and consumers,” said Texas Comptroller Glenn Hegar. “Receipts from the information sector were up, but declines were seen in receipts from the construction and mining sectors, as well as retail trade.”
Total sales tax revenue for the three months ending in January was up by 0.3 percent compared with the same period a year ago.
In December, the state reported sales tax revenue totaled $2.4 billion while in November, the total was $2.5 million.
Sales tax revenue is one of the largest sources of state funding for the state budget, accounting for 58 percent of all tax collections in fiscal 2016.
Motor vehicle sales and rental taxes, motor fuel taxes and oil and natural gas production taxes also are large revenue sources for the state.
In January, Texas collected the following revenue from those taxes:
• Motor vehicle sales and rental taxes: $406.9 million, up 6.9 percent from January 2016.
• Motor fuels taxes: $295.7 million, up 1.4 percent from January 2016.
• Oil and natural gas production taxes: $248.4 million, up 28.4 percent from January 2016.
• Total tax collections: $3.71 billion, up 2.2 percent from January 2016.
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