Comptroller Glenn Hegar said state sales tax revenue totaled $4.1 billion in November, 3.7 percent more than in November 2022. The majority of November sales tax revenue is based on sales made in October and remitted to the agency in November.“State sales tax revenue growth resumed in November, after slightly declining on an annual basis the previous month,” Hegar said. Total sales tax revenue for the three months ending in November 2023 was up 2.1 percent compared with the same period a year ago. Sales tax is the largest source of state funding for the state budget, accounting for 57 percent of all tax collections.
Texas collected the following revenue from other major taxes:
- motor vehicle sales and rental taxes — $561 million, up 7 percent from November 2022;
- motor fuel taxes — $327 million, down 1 percent from November 2022;
- oil production tax — $575 million, up 1 percent from November 2022;
- natural gas production tax — $211 million, down 48 percent from November 2022;
- hotel occupancy tax — $74 million, up 2 percent from November 2022; and
- alcoholic beverage taxes — $152 million, up less than 1 percent from November 2022.