JEFFERSON CITY – Acting State Budget Director Dan Haug announced today that 2016 fiscal year-to-date net general revenue collections increased 3.6 percent compared to 2015, from $2.03 billion last year to $2.10 billion this year.
Net general revenue collections for September 2015 increased by 1.6 percent compared to those for September 2014, from $828.5 million to $842.1 million.
Acting Director Haug also announced that Missouri will not be receiving a payment of approximately $50 million anticipated under the tobacco Master Settlement Agreement, based on last month’s ruling by the Missouri Court of Appeals, Eastern District.
GROSS COLLECTIONS BY TAX TYPE
Individual income tax collections
- Increased 6.2 percent for the year, from $1.42 billion last year to $1.50 billion this year.
- Increased 5.4 percent for the month.
Sales and use tax collections
- Increased 2.2 percent for the year, from $512.8 million last year to $523.9 million this year.
- Decreased 3.9 percent for the month.
Corporate income and corporate franchise tax collections
- Decreased 3.6 percent for the year, from $131.0 million last year to $126.3 million this year.
- Decreased 9.4 percent for the month.
All other collections
- Increased 2.1 percent for the year, from $90.2 million last year to $92.1 million this year.
- Increased 12.3 percent for the month.
Refunds
- Increased 17.8 percent for the year, from $124.8 million last year to $147.1 million this year.
- Increased 10.9 percent for the month.
