State Sales Tax Revenue Topped $4.1 Billion for December

salestax

State sales tax revenue totaled $4.06 billion in December, 3.2 percent more than in December 2022. The majority of December sales tax revenue is based on sales made in November and remitted to the agency in December.

“Overall sales tax collections grew moderately compared with December 2022, with most of the increase among major sectors coming from the manufacturing and service sectors,” Texas Comptroller Glenn Hegar said. “Among the sectors driven primarily by business spending, both the construction and manufacturing sectors showed modest gains compared with a year ago. Receipts from the mining sector, which have been up sharply since the pandemic, were down slightly relative to December last year. Wholesale trade remittances were down once again. 

“Remittances from the retail trade sector were up slightly, led again by strong growth in electronic shopping. Receipts from home improvement centers and furniture and home goods stores continued to slide in December, as decreased consumer spending on those goods persists following the pandemic peak.

“Service sector receipts grew moderately last month as consumers continue to spend on live entertainment. Receipts from restaurants were up from a year ago, but at less than the rate of inflation for food away from home.”

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