JEFFERSON CITY, Mo. — Missouri officials announced today that state net general revenue collections increased more than 5 percent compared to 2014.
State Budget Director Linda Luebbering announced today in an email that net revenue collections in Missouri were up 5.1 percent from this time last year, totaling at $4.06 billion compared to last year’s $3.87 billion.
Net general revenue collections for the month of December alone jumped more than 10 percent from $759.6 million to $841.1 million.
A full breakdown of the state’s revenue collections can be found below.
GROSS COLLECTIONS BY TAX TYPE
Individual income tax collections
Increased 6.3 percent for the year, from $2.71 billion last year to $2.88 billion this year.
Increased 9.6 percent for the month.
Sales and use tax collections
Increased 3.0 percent for the year, from $979.6 million last year to $1.01 billion this year.
Increased 4.8 percent for the month.
Corporate income and corporate franchise tax collections
Increased 3.3 percent for the year, from $260.6 million last year to $269.3 million this year.
Increased 19.8 percent for the month.
All other collections
Decreased 5.8 percent for the year, from $187.1 million last year to $176.4 million this year.
Decreased 19.8 percent for the month.
Refunds
Increased 1.2 percent for the year, from $266.2 million last year to $269.5 million this year.
Decreased 25.8 percent for the month.
Collin Reischman was the Managing Editor for The Missouri Times, and a graduate of Webster University with a Bachelor of Arts in Journalism.
