Texas Comptroller Glenn Hegar said state sales tax revenue totaled $3.08 billion in January, 8.9% more than in January 2019. And most communities in west Fort Bend County can attest that business was better in 2019 than in 2018.
“Growth in state sales tax revenue was led by receipts from the retail trade and information services sectors, while receipts from oil- and gas-mining were down from a year ago,” Hegar said. “January retail trade sector collections were higher than a year ago in part because more Christmas shopping days fell in December. Collections also were slightly boosted by marketplace providers and remote sellers, who first began collecting Texas sales taxes in October.”
The majority of January sales tax revenue is based on sales made in December and remitted to the agency in January. Total sales tax revenue for the three months ending in January 2020 was up 6.6% compared to the same period a year ago.