Comptroller Glenn Hegar announced state sales tax revenue totaled nearly $3.85b in September, 1.5% more than in September 2023. The majority of September sales tax revenue is based on sales made in August and remitted to the agency in September. Total sales tax revenue for the three months ending in September 2024 was up 0.7% compared with the same period a year ago. This is below the 2.5% annual Consumer Price Index increase reported for August and suggests that spending on taxable items is down from a year ago in real terms. Texas collected the following revenue from other major taxes:
- motor vehicle sales and rental taxes – $590m, down 7% from September 2023;
- motor fuel taxes – $333m, up 1% from September 2023;
- oil production tax – $516m, down 5% from September 2023;
- natural gas production tax – $199m, down 5% from September 2023;
- hotel occupancy tax – $62m, up 6% from September 2023; and
- alcoholic beverage taxes – $148m, up 3% from September 2023.