texas comptroller's office
Texas Comptroller Susan Combs Wednesday announced that sales tax revenue for the State of Texas in February was $2.01 billion, a 14.8 percent increase compared to February 2011.
Texas’s Comptroller is stressing the importance of water management for the State’s future prosperity.
$495 million will be sent to cities, counties, transit systems, and special purpose taxing districts, a 9.1 percent increase from the same period last year.
Business managers will have an opportunity to get answers to their state tax questions at a seminar in early January.
This measure passed handily during the Texas constitutional amendment election on November 8th.
“Sales tax revenue in all major economic sectors improved over a year ago,” according to Comptroller Combs.
More than $580 million is going to local governments in monthly sales tax revenue for October.
Texas Comptroller Susan Combs said “The recovery in Texas has brought sales tax collections almost back to peak 2008 levels, however the near-term outlook remains clouded due to the uneven performance of the U.S. economy.”
Beginning Friday, Texas shoppers can stock up on many school supplies, clothing, and other items without paying state sales tax.