Skip Navigation Links
Front Page
About GNSExpand About GNS
CommunitiesExpand Communities
EducationExpand Education
Links Directory
Medicine & Science
Opinion/ForumExpand Opinion/Forum
Public Safety

State of Texas
Texas Sales Tax Revenue Totaled $2.6 Billion in October
Press Release
Friday, November 02, 2018

(AUSTIN) — Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $2.6 billion in October, 7.3 percent more than in October 2017.

“Growth in state sales tax revenue continues to be strong, while moderating from the double-digit pace of recent months,” Hegar said. “The rate of growth in sales tax collections continues to be highest from oil- and gas-related sectors.”

Total sales tax revenue for the three months ending in October 2018 was up 12.6 percent compared to the same period a year ago. The sales tax is the largest source of state funding for the state budget, accounting for 57 percent of all tax collections.

In October 2018, Texas collected the following revenue from other major taxes on motor vehicle sales and rentals, motor fuel and oil and natural gas production:

  • motor vehicle sales and rental taxes — $438.4 million, down 2.6 percent from October 2017;
  • motor fuel taxes — $298 million, down 4.2 percent from October 2017; and
  • oil and natural gas production taxes — $439.9 million, up 52.4 percent from October 2017.
For details on all monthly collections, visit the Comptroller's Monthly State Revenue Watch.

Remembering Jim Guidry M3 Global Medical Missions

Guidry News Service is headquartered in Midtown Houston.
at 4001 Fannin Street, Suite 4109, Houston, TX. 77004-4077
(409) 763 NEWS(6397)
© 1996, Guidry News Service. Duplication of any part of this website in any manner is prohibited.