Texas Comptroller Glenn Hegar reported Tuesday that state sales tax revenue totaled $3.93 billion in December, 10.5 percent more than in December 2021. The majority of December sales tax revenue is based on sales made in November and remitted to the agency in December.
“Business spending continued to be the principal driver of growth in sales tax revenue, with rapid growth in receipts from non-retail sectors,” Hegar said. “The mining, construction, wholesale trade, and rental and leasing sectors had double-digit gains compared with a year ago, and receipts from the manufacturing sector remain robust as well.
“Growth in receipts from the services sector also reached double digits, while those from restaurants grew at about the rate of inflation for food away from home.