Texas Comptroller Glenn Hegar announced state sales tax revenue totaled $3.69 billion in February, .05% more than in February 2023. The majority of February sales tax revenue is based on sales made in January and remitted to the agency in February. “[R]emittances from the construction sector continued to grow, while receipts from the manufacturing and wholesale trade sectors were both down from February last year. Receipts from the oil and gas mining sector were modestly up compared with a year ago” said Hegar. Total sales tax revenue for the three months ending in February 2024 was up 0.4 percent compared with the same period a year ago.
Texas collected the following revenue from other major taxes:
- motor vehicle sales and rental taxes — $586 million, up 8 percent from February 2023;
- motor fuel taxes — $302 million, down 1 percent from February 2023;
- oil production tax — $458 million, down 7 percent from February 2023;
- natural gas production tax — $186 million, down 39 percent from February 2023;
- hotel occupancy tax — $58 million, up 38 percent from February 2023; and
- alcoholic beverage taxes — $128 million, down 1 percent from February 2023.
For details on all monthly collections, visit the Comptroller’s Monthly State Revenue Watch.