State sales-tax revenue totaled $3.7 billion in June

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Texas Comptroller Glenn Hegar said on July 1 that state sales-tax revenue totaled $3.68 billion in June, 16.4 percent more than in June 2021. The majority of June sales-tax revenue is based on sales made in May, and is remitted to the agency in June.

As a result of a sustained period of historically high revenues, later this month Hegar will provide an update to the Certification Revenue Estimate published in November 2021. That update will result in a significant increase in estimated revenue available for the 2022-23 biennium.

Total sales-tax revenue for the three months ending in June 2022 was up 12.5 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 — $584 million, down 1 percent from June 2021;

motor fuel taxes — $323 million, up 3 percent from June 2021;

oil production tax — $679 million, the highest monthly collection on record, up 87 percent from June 2021;

natural gas production tax — $439 million, the highest monthly collection on record, up 176 percent from June 2021;

hotel occupancy tax — $67 million, up 24 percent from June 2021; and

alcoholic beverage taxes — $150 million, up 9 percent from June 2021.

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