State sales-tax revenue totaled $3.9 billion in July

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Texas Comptroller Glenn Hegar has reported state sales-tax revenue totaled $3.88 billion in July, 14.7 percent more than in July 2021, and the highest monthly collections on record.

The majority of July sales-tax revenue is based on sales made in June and remitted to the agency in July.

Total sales-tax revenue for the three months ending in July 2022 was up 13.1 percent compared with 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 — $605 million, up 5 percent from July 2021;

•motor fuel taxes — $324 million, up 3 percent from July 2021;

•oil production tax — $694 million, the highest monthly collections on record, up 84 percent from July 2021;

•natural gas production tax — $532 million, the highest monthly collections on record, up 185 percent from July 2021;

•hotel occupancy tax — $73 million, up 22 percent from July 2021; and

•alcoholic beverage taxes — $149 million, up 13 percent from July 2021.

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