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PRESS RELEASE: State Releases November 2014 General Revenue Report

JEFFERSON CITY – State Budget Director Linda Luebbering announced today that 2015 fiscal year-to-date net general revenue collections increased 3.7 percent compared to 2014, from $3.11 billion last year to $3.22 billion this year.

Net general revenue collections for November 2014 increased by 1.3 percent compared to those for November 2013, from $625.1 million to $633.2 million.

 

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

  • Increased 5.5 percent for the year, from $2.19 billion last year to $2.31 billion this year.
  • Increased 4.4 percent for the month.

 

Sales and use tax collections

  • Increased 2.6 percent for the year, from $803.2 million last year to $824.3 million this year.
  • Decreased 0.1 percent for the month.

 

Corporate income and corporate franchise tax collections

  • Decreased 4.0 percent for the year, from $180.6 million last year to $173.4 million this year.
  • Decreased 22.4 percent for the month.

 

All other collections

  • Decreased 1.2 percent for the year, from $141.2 million last year to $139.5 million this year.
  • Decreased 6.3 percent for the month.

 

Refunds

  • Increased 9.5 percent for the year, from $203.8 million last year to $223.2 million this year.
  • Increased 16.1 percent for the month.