Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $3.85 billion in January, 25.3% more than in January 2021. The majority of January sales tax revenue is based on sales made in December and remitted to the agency in January. Year-over-year increases for most tax revenues continue to be affected by base effects: Revenue collections in 2021, to which this year’s collections are compared, were suppressed by the pandemic. Compared to January 2020, sales tax collections were up 24.9%.
Texas collected the following revenue from other major taxes, most of which were up sharply from a year ago due to base effects:
- Motor vehicle sales and rental taxes — $480 million, up 18% from January 2021, and up 2% from January 2020;
- Motor fuel taxes — $296 million, up 1% from January 2021, and down 4% from January 2020;
- Oil production tax — $427 million, up 68% from January 2021, and up 8% from January 2020;
- Natural gas production tax — $369 million, up 260% from January 2021, and up 182% from January 2020;
- Hotel occupancy tax — $49 million, up 83% from January 2021, and up 19% from January 2020; and
- Alcoholic beverage taxes — $140 million, up 49% from January 2021, and up 8% from January 2020.