State sales tax revenues total $3 billion in January
Texas Comptroller Glenn Hegar said state sales tax revenue totaled $3.08 billion in January, 8.9 percent more than in January 2019.
“Growth in state sales tax revenue was led by receipts from the retail trade and information services sectors, while receipts from oil- and gas-mining were down from a year ago,” Hegar said. “January retail trade sector collections were higher than a year ago in part because more Christmas shopping days fell in December.”
The majority of January sales tax revenue is based on sales made in December. Total sales tax revenue for the three months ending in January 2020 was up 6.6 percent compared to the same period a year ago.
Sales tax is the largest source of funding for the state budget, accounting for 57 percent of collections.
Sales tax data for individual cities and counties will be released at a later date.