April Sees Monthly High for Sales Tax Collections

Cash register

Texas Comptroller Glenn Hegar this week reported state sales tax revenue totaled $3.83 billion in April, 12.8 percent more than in April 2021.

The majority of April sales tax revenue is based on sales made in March and remitted to the agency in April.

“State sales tax collections reached a new high for the month of April, with double-digit growth reflecting both inflation and continued expansion in real economic activity and employment,” Hegar said. 

Total sales tax revenue for the three months ending in April 2022 was up 22.3 percent compared to the same period a year ago.

“The strongest growth was in receipts from sectors driven by business spending, particularly the oil and gas mining sector, which surpassed pre-pandemic levels as capital spending in the sector picks up. Receipts from the construction, manufacturing and wholesale trade sectors continued to show double-digit growth.

“Among sectors driven by consumer spending, the strongest growth in receipts was in arts and recreation services, with receipts from sporting events, music and other live entertainment, and fitness clubs far exceeding previous year levels. Receipts from restaurants continued to exhibit double-digit growth as well.

Sales tax is the largest source of state funding for the state budget, accounting for 59 percent of all tax collections.

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