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Feb 17 2011

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Combs to distribute $654M

Comptroller Susan Combs announced today the state’s sales tax revenue in January was $1.83 billion, an increase of 10.4 percent compared to January 2010.
“Sales tax revenues have now improved for the last ten months, reflecting increased activity in almost all major economic sectors,” Combs said.  “The strongest growth was from sectors fueled by business spending, such as oil and gas activity.  Tax collections from retail trade were also up.”
Combs will send $654.8 million in local sales tax to Texas cities, counties, transit systems and special purpose taxing districts, up 5.9 percent compared to sales prescription drugs without a prescription tax distributions to local governments in February 2010.
January state sales tax collections and February’s local sales tax allocations represent sales made in December, and also include earlier sales by businesses that rep

ort sales tax to the Comptroller on a quarterly or annual basis.
The Comptroller will send $440.3 million in sales tax to Texas cities, up 5.4 percent compared to February 2010 payments.  Texas counties will receive February sales tax payments of $39.7 million, up 13.1 percent compared to last February.
The 175 special purpose taxing districts around the state will get $28.6 million in sales tax, up 16.1 percent compared to February 2010.  Ten local transit systems will receive $146 million in February sales tax payments, up 3.8 percent compared to a year ago.
For details of February sales tax payments to individual cities, counties, transit systems and special purpose districts, locate the Monthly Sales Tax Allocation Comparison Summary Reports on the Comptroller’s Web site at www.window.state.tx.us/taxinfo/allocsum/compsum.html.
The Comptroller’s March sales tax allocation will be made on Friday, March 11.

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