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Texas Comptroller’s Office Releases Update To A Field Guide To The Taxes Of Texas

The Texas Comptroller’s office recently released an update to A Field Guide to the Taxes of Texas (PDF), a periodic report providing an overview of Texas’ significant state taxes.

Every year, the state collects billions in state taxes and fees, federal receipts, and other revenue sources. The state uses these funds to pay for all of the state government’s responsibilities, including the education of more than five million public school students and health insurance providers for more than four million low-income Texans.

In A Field Guide to the Taxes of Texas, readers can:

  • Learn how significant taxes have contributed to state revenue during the past ten years;
  • See future revenue estimates, exemption value estimates, and tax allocations; and
  • Connect to other in-depth resources about state taxes and finances.

“This guide highlights and compiles useful information from a variety of Comptroller reports in one easily accessed spot, with a graphics-rich overview of major state and local taxes, including historical collections and estimates of future growth,” Texas Comptroller Glenn Hegar said. “As legislators address crucial issues during this legislative session, this guide will provide lawmakers, business and community leaders and the general public with an easy-to-understand reference explaining Texas’ major taxes and associated revenues.”

To find additional reports that highlight state spending and revenue, go to the Comptroller’s website.