57.8 F
Fort Worth
Monday, January 18, 2021

Texas sales tax revenue up in March

Texas Comptroller Susan Combs said today that state sales tax revenue in March was $2.09 billion, up 5.6 percent compared to March 2013. “The growth in sales tax revenues was led by business spending in the oil and natural gas mining, wholesale trade and construction sectors,” Combs said. “Collections from restaurants were also strong. This marks 48 consecutive months of growth in state sales tax collections.” Combs will send cities, counties, transit systems and special purpose taxing districts their April local sales tax allocations totaling $554.5 million, up 6.2 percent compared to April 2013.

The sales tax figures represent February sales reported by monthly tax filers. Locally, Fort Worth reported a 5.57 percent increase for February, hitting $8.8 million in sales taxes. Arlington was down slightly by 1.9 percent with 46.4 million in sales tax revenue.

www.window.state.tx.us/taxinfo/allocsum/compsum.html  

Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

Related Articles

Our Digital Sponsors

Stay Connected

7,346FansLike
1,942FollowersFollow
11,787FollowersFollow
80SubscribersSubscribe

Latest Articles

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.