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Texas oil production tax revenue rises 18% in August 2026

Last updated: September 8, 2026 | Reading Time: 2 minutes
Texas sales tax revenue reached $4.62B in August 2026, rising 7.1% year over year and boosting state funding.

Texas collected $4.62 billion in state sales tax revenue in August 2026, according to figures reported by Comptroller Don Huffines. The total was 7.1% higher than in August 2025. Because most August remittances represent purchases made during July, the results provide a recent measure of business and consumer activity across the state.

Collections increased across major industries connected to business spending, with construction and mining producing particularly strong results. Manufacturing receipts were 5.2% higher than a year earlier, while wholesale trade collections rose 1.7%. Consumer-focused categories also recorded gains: retail receipts increased nearly 10%, online shopping remittances surpassed the prior-year total by more than 20% for a second consecutive month, service-sector collections grew 8.2%, and restaurant receipts advanced 3.8%.

Through August, Texas had collected $35.2 billion in sales tax during the calendar year, 7.3% more than during the corresponding period in 2025. Sales tax generates 58% of the state’s overall tax collections, making these figures important to Texas budget conditions.

Energy-related revenue also increased: collections from oil and natural gas production taxes totaled $526 million and $202 million, respectively, representing annual gains of 18% and 4%.

Source: MyHighPlains.com

Read the full original article here

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DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
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