State sales tax revenue totaled $3.6 billion in December 2021
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Texas Comptroller Glenn Hegar said state sales tax revenue was $3.56 billion in December, up 24.4% from December 2020. The majority December sales tax receipts are based on sales made in November and remitted to the agency in December.
Year-over-year increases in most tax revenue continue to be affected by base effects: the previous year’s revenue to which this year’s revenue is compared has been suppressed by the pandemic. Compared to December 2019, sales tax collections increased by 18.1%.
Total sales tax revenue for the three months ending December 2021 increased 22.9% from the same period a year ago and 16.8% from 2019. sale is the main source of state funding for the state budget, accounting for 59%. of all tax revenue.
Texas collected the following revenues from other major taxes, most of which were up sharply from a year ago due to base effects:
• Motor vehicle sales and lease taxes – $531 million, up 21% from December 2020 and 24% from December 2019;
• fuel taxes – $312 million, up 12% compared to December 2020 and less than 1% compared to December 2019;
• tax on oil production – $450 million, up 128% compared to December 2020 and 24% compared to December 2019;
• Natural Gas Production Tax – $384 million, the highest monthly revenue amount ever, up 349% from December 2020 and 237% from December 2019;
• hotel occupancy tax – $40 million, up 57% from December 2020 and down 19% from December 2019; and
• Taxes on alcoholic beverages – $124 million, up 47% from December 2020 and 5% from December 2019.
For details on all monthly collections, visit bit.ly/33oxFvG.