The Texas Comptroller Glenn Hegar, said state sales tax revenue totaled $3.69 billion in May, 8.6 percent more than in May 2021.
The majority of May sales tax revenue is based on sales made in April and remitted to the agency in May.
Hegar advised Lamb County residents that the sales tax revenue that was returned to the five cities in Lamb County amounted to a combined total of $190,347.25 for May 2022. The City of Amherst received a return of $1,765.45, compared to last year’s return of $1,800.28, a decrease of 1.93 percent. The City of Earth received a return of $6,247.94, a decrease of 20.25 percent from last year’s $7,834.81. The City of Littlefield received a return of $142,749.69, an increase of 18.59 percent from last year’s $120,364.50. The City of Olton received a return of $21,289.57 a 16.16 percent decrease from last year’s $25,393.29. The City of Sudan received a return of $18,294.60, a 65.54 percent increase from last year’s $11,051.29
“Strong double-digit growth was seen once again in sectors in driven primarily by business spending, with receipts from the oil and gas mining sector continuing to exhibit particularly robust growth compared to a year ago,” Hegar said. “Receipts from the construction and wholesale trade sectors also continue to show strong growth.
Hegar said spending at sporting events and concerts was especially strong last month, because people spent more on live entertainment after being restricted from the pandemic.
“Increases in these consumerdriven sectors, coupled with a decrease in receipts from the furniture and general merchandise sectors compared to a year ago, may further indicate that sectors that benefited from pandemic spending patterns will face continued headwinds due to a shift in consumer spending patterns from goods to services,” Hegar said.
Total sales tax revenue for the three months ending in May 2022 was up to 15.7 percent, compared to the same period a year ago. Sales tax is the largest source of state funding for the state budget, accounting for 59 percent of all tax collections.
Texas collected the following revenue from other major taxes:
Motor vehicle sales and rental taxes - $603 million, up 9 percent from May 2021;
Motor fuel taxes - $319 million, up 1 percent from May 2021;
Oil production tax - $595 million, up 64 percent from May 2021;
Natural gas production tax - $413 million, the highest monthly collections on record, up 216 percent from May 2021;
Hotel occupancy tax - $69 million, up 44 percent from May 2021; and
Alcoholic beverage taxes - $154 million, the highest monthly collections on record, up to 22 percent from May 2021.
Fiscal 2022 franchise tax collections totaled $5.16 billion year-to-date through May. In 2021, the reporting deadline was deferred to June from the usual May 15 due date. Compared to collections through June 2021, year-to-date franchise tax collections were up 21.6 percent.
For details on all monthly collections, visit the Comptroller’s Monthly State Revenue Watch on the Texas Comptroller website. For an extensive history of tax policy developments and fees since 1972, visit the Source of Revenue Guide, also on the Texas Comptroller website.