Revenue by Source for Fiscal Year 2008
| Tax Collections By Major Tax | Amount | Percent of Total | Percent Change from 2007 |
|---|---|---|---|
| Sales Tax | $21,604,090,350 | 24.8% | 6.6% |
| Motor Vehicle Sales/Rental | $3,341,588,813 | 3.8% | 0.5% |
| Motor Fuels Taxes | $3,101,526,779 | 3.6% | 1.6% |
| Franchise Tax | $4,451,325,736 | 5.1% | 41.6% |
| Insurance Taxes | $1,450,184,267 | 1.7% | 7.7% |
| Natural Gas Production Tax | $2,684,647,510 | 3.1% | 41.6% |
| Cigarette and Tobacco Taxes | $1,446,894,671 | 1.7% | 8.5% |
| Alcoholic Beverage Taxes | $784,068,675 | 0.9% | 7.2% |
| Oil Production Tax | $1,436,879,156 | 1.7% | 72.1% |
| Inheritance Tax | $5,580,142 | 0.0% | 5.5% |
| Utility Taxes | $503,878,555 | 0.6% | -0.4% |
| Hotel Tax | $370,979,724 | 0.4% | 8.9% |
| Other Taxes | $176,284,575 | 0.2% | 5.6% |
| Total Taxes | $41,357,928,953 | 47.5% | 11.9% |
| Tax Collections By Other Revenue Sources | Amount | Percent of Total | Percent Change from 2007 |
|---|---|---|---|
| Federal Income | $26,238,327,684 | 30.2% | 7.6% |
| Licenses, Fees, Permits, Fines and Penalties | $10,227,892,331 | 11.8% | 47.9% |
| Interest and investment Income | $2,309,013,776 | 2.7% | -2.7% |
| Net Lottery Proceeds | $1,597,487,228 | 1.8% | 2.9% |
| Sales of Goods and Services | $495,941,577 | 0.6% | -8.0% |
| Settlements of Claims | $548,521,665 | 0.6% | 2.0% |
| Land Income | $1,050,029,895 | 1.2% | 39.8% |
| Contributions to Employee Benefits | $15,020,092 | 0.0% | -93.7% |
| Other revenue sources | $3,142,862,204 | 3.6% | 6.4% |
| Total Other Sources | $45,625,096,453 | 52.5% | 13.4% |
Totals may not sum due to rounding.
Total Net Revenue = $86,983,025,406
Percent change in revenue from 2007 = 12.7%
For historical data, see Texas Revenue History by Source, 1978-2007.