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Texas Sales Tax Growth Continues June 2012

  • Jun 12, 2012 | Susan McLain

For over two years, Texas has seen consistent growth in sales tax revenues. The Killeen Daily Herald reports, “Sales tax grew for the 26th straight month, with the state collecting more than $2 billion in May, according to the comptroller’s office.”

The Texas State Comptroller’s Office says, “State sale tax net collections* deposited to general revenue totaled $2,095.0 million in May 2012. Compared with the $1,952.0 million collected in May 2011, this represents an increase of 7.32 percent.”

The totals noted here do not include local sales tax collections. In addition to these totals, “…local sales tax allocations totaling $514.1 million [will be sent] to cities, counties, transit system and special purpose taxing districts in June. This is a 9.7 percent increase over June 2011.”

State Comptroller, Susan Combs had this to say: “This marks 26 consecutive months of sales tax growth. As the recovery continues, the year-to-year rate of growth is stabilizing. Collections remain strong in the oil and natural gas-related sectors as well as other segments of the Texas economy such as the restaurant industry.”

“*Includes the limited sales and use tax and the boat and boat motor sales tax.”

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Avalara Author
Susan McLain
Avalara Author Susan McLain
Susan McLain began her career as a technical writer in technology industries such as satellite networking and medical devices. Her skills encompass technical and marketing writing, usability engineering, verification and validation testing and protocol writing, requirements development, business analysis, technical illustration/graphic design and marketing. She has owned her own business providing service to small to medium sized business and in other positions, she has been in project management, documentation and marketing. She is currently the content specialist for Avalara helping to “make sales tax less taxing.”