Revenue from sales taxes collected in the City of Houston is showing a sizable increase in the first six months of the year compared to 2010, according to the Missouri Department of Revenue.
For the first half of the year, a one-cent sales tax collected by merchants totals $388,646, an increase of $64,647 from the same period in 2010. That’s a jump of about 20 percent.
Two one-quarter cent sales taxes total about $93,100, a hike of about $15,460 from the same period a year ago. They are used for streets, sidewalks and utilities. An eighth-cent sales tax totaled $93,098 for debt retirement on a fire truck.
The reports are considered a good barometer of economic activity.
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Revised at 7:54 a.m. July 19: The Missouri Department of Revenue has revised six-month sales tax figures for municipalities.
Revenue from the one-cent sales tax collected by Houston merchants remains up – but not nearly as much as earlier reported. The latest report shows $328,793 has been collected in the first half of the year. That’s up about 1.5 percent for the year compared to 2010.
In June, $59,853 was collected by retailers. That’s an increase of about 6.3 percent from a year ago.
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