(AUSTIN) — Texas Comptroller Glenn Hegar reports that state sales tax revenue totaled $3.83 billion in April, 12.8 % 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.
The five Lamb County cities received a combined total of $156,002.08 for April, which is compared with the $125,053.94 they received for April in 2021.
The City of Amherst received a return of $1,792.62, which is a decrease of (-17.87%) from the $2,182.91 it received at this time last year. Amherst has received a total of $8,855.72 for the year so far
Ṫhe City of Earth received a return of $6,087.65, which is less than the $6,445.62 it received for April 2021. Earth has received a total of $31,391.49 for the year to date.
Littlefield received a return in the amount of $118,024.31 for April, which is a 30.92% increase over the $90,244.62 it received at this time last year. Littlefield has received a total of $488,660.77 for the year so far.
Olton’s return for April was $17,541.11, which is a 5.53% increase over the $16,621.28 it got at this time last year. So far, Olton has received a total of $84,575.91 for the year.
The City of Sudan, received a return of $12,556.39 for April, an increase of 29.98% more than last year’s return of $9,659.93. For the year, Sudan has received a total of $103,949.67 in sales tax returns.
Over in Hockley County, the City of Anton has received a total of $6,968.99 of sales tax return, which is compared with the $2,386.64 it received at this time last year. That’s an increase of 192.00%. Anton has received a total of $103,949.67 for the year so far.
According to Comptroller Hegar, “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 doubledigit growth as well.
“Receipts from retail trade remain elevated, though only a little higher than a year ago when retail spending surged after the end of COVID restrictions. Slowing growth in receipts from retail trade may signal shifts in consumer spending back toward pre-pandemic patterns. Growth in spending in segments that had benefited during the pandemic appeared to stall, as receipts from home improvement and furniture stores changed little from a year ago, while receipts from sporting goods and hobby stores declined.”
Total sales tax revenue for the three months ending in April 2022 was up 22.3 % compared to the same period a year ago. Sales tax is the largest source of state funding for the state budget, accounting for 59 % of all tax collections.
Texas collected the following revenue from other major taxes: • Motor vehicle sales and rental taxes — $525 million, up 39 % from April 2021;
• Motor fuel taxes — $335 million, up 3 % from April 2021;
• Oil production tax — $666 million, the highest monthly collections on record, up 99 % from April 2021;
• Natural gas production tax — $339 million, up 46 % from April 2021;
• Hotel occupancy tax — $76 million, the highest monthly collections on record, up 49 % from April 2021; and
• Alcoholic beverage taxes — $152 million, the highest monthly collections on record, up 27 % from April 2021.
For details on all monthly collections, visit the Comptroller’s Monthly State Revenue Watch. For an extensive history of tax policy developments and fees since 1972, visit the updated Sources of Revenue publication.