Texas Sales Tax Revenue Rebounds In July

Sales Tax
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Sales tax revenues in Texas rebounded in the month of July.

The State Comptroller's office reports that sales tax revenues had been down for the previous two months, but July's monthly report shows a 4.3% increase from July of last year.

Part of that is due to an increase in online sales, and the fact that more online retail outlets were required to collect sales taxes.

Officials also note that the July receipts actually reflect taxes collected by businesses in June, which is when many businesses across the state started reopening after being shut down because of COVID-19.

While the retail sector did show improvement in July, gasoline taxes and hotel occupancy taxes were still down.