Texas businesses that had COVID-related relief loans forgiven by the federal government do not have to report those loan proceeds as income on their 2021 franchise tax reports, the Texas Comptroller’s office announced today after a bill related to the […]
Texas Comptroller Glenn Hegar
Comptroller Glenn Hegar Distributes Nearly $1.1 Billion in Monthly Sales Tax Revenue to Local Governments
Texas Comptroller Glenn Hegar announced today he will send cities, counties, transit systems and special purpose taxing districts $1.06 billion in local sales tax allocations for May, 28.4 percent more than in May 2020 and 21.9 percent more than in […]
Texas Comptroller Glenn Hegar to Release Revised Biennial Revenue Estimate
Texas Comptroller Glenn Hegar today will issue a revision to the Biennial Revenue Estimate (BRE). Hegar’s revision updates his original January BRE and is based on changes in estimated revenue collections and updated Legislative Budget Board estimates of the state […]
Fiscal Notes: Public Transit in Texas
Texas is served by thousands of public vehicles ranging from buses and “dial-a-ride” cars to light rail systems, all of them operated by 75 public entities throughout the state. Those public transit systems took riders on 274 million trips in […]
Sales Tax Holiday for Emergency Supplies, April 24-26
Texas Comptroller Glenn Hegar reminds Texans they can purchase certain items tax-free during the state’s sales tax holiday for emergency preparation supplies, which begins at 12:01 a.m. on Saturday, April 24, and ends at midnight on Monday, April 26. There’s […]
Texas Comptroller Glenn Hegar Partners with Texas Lawmakers to Promote Financial Literacy Month
Texas Comptroller Glenn Hegar is partnering with members of the Texas Legislature to help give young Texans the knowledge and skills they need to make better-informed personal financial decisions in saving, spending, borrowing and planning. The partnership is in concert with […]
Sales Tax Holiday for Emergency Supplies, April 24-26
With the potential for severe weather approaching, Texas Comptroller Glenn Hegar reminds Texans they can purchase certain items tax-free during the state’s sales tax holiday for emergency preparation supplies, which begins at 12:01 a.m. on Saturday, April 24, and ends […]
Comptroller Glenn Hegar Distributes $677 Million in Monthly Sales Tax Revenue to Local Governments
Texas Comptroller Glenn Hegar announced today he will send cities, counties, transit systems and special purpose taxing districts $677.3 million in local sales tax allocations for April, 3.5 percent less than in April 2020. These allocations are based on sales made […]
State Sales Tax Revenue Totaled $2.6 Billion in March
Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $2.63 billion in March, 2.4 percent less than in March 2020. This amount, however, includes some revenue remitted in March that in normal circumstances would have been received by the […]
Texas Businesses: April 15 is Deadline for Property Tax Renditions
Texas Comptroller Glenn Hegar reminds business owners that for many property types, April 15 is the deadline to file property tax renditions with their county appraisal districts. Different deadlines apply for certain regulated property. A rendition is a list of […]
