Comptroller Glenn Hegar announced state sales tax revenue totaled $4.01 billion in May, 4.5 percent more than in May 2023. The majority of May sales tax revenue is based on sales made in April and remitted to the agency in May. “Monthly state sales tax collections soundly exceeded collections from last May, contrary to signs of slowing spending in recent months… [g]owth in receipts occurred for almost all major sectors” Hegar said.
Texas collected the following revenue from other major taxes:
- motor vehicle sales and rental taxes — $633 million, up 6 percent from May 2023;
- motor fuel taxes — $325 million, down 4 percent from May 2023;
- oil production tax — $556 million, up 12 percent from May 2023;
- natural gas production tax — $180 million, down 9 percent from May 2023;
- hotel occupancy tax — $71 million, down 1 percent from May 2023; and
- alcoholic beverage taxes — $152 million, down 3 percent from May 2023.