Comptroller Glenn Hegar said state sales tax revenue totaled $3.82 billion in October, 11.9 percent more than in October 2021. The majority of October sales tax revenue is based on sales made in September and remitted to the agency in October.

“Rapid growth in state sales tax revenue was again led by business spending,” Hegar said. “Double-digit growth in receipts continued from the mining, construction, manufacturing and wholesale trade sectors, fueled in part by high inflation in the prices of building materials and other business inputs.

Total sales tax revenue for the three months ending in October 2022 was up 14 percent compared to the same period a year ago. Sales tax is the largest source of state funding for the state budget, accounting for 56 percent of all tax collections.