September sees uptick in revenue collection, yearly collections still down

   

JEFFERSON CITY, Mo. — State Budget Director Dan Haug announced on Tuesday that net general revenue collections for September 2018 increased 2.3 percent compared to those for September 2017, from $875.4 million last year to $895.2 million this year.

The 2018 fiscal year-to-date net general revenue collections decreased 3.2 percent compared to September 2017, from $2.24 billion last year to $2.17 billion this year.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections
Decreased 2.8 percent for the year, from $1.61 billion last year to $1.57 billion this year.
Increased 0.6 percent for the month.

Sales and use tax collections
Increased 2.3 percent for the year, from $535.5 million last year to $547.9 million this year.
Decreased 1.2 percent for the month.

Corporate income and corporate franchise tax collections
Increased 1.9 percent for the year, from $107.5 million last year to $109.6 million this year.
Increased 4.5 percent for the month.

All other collections
Decreased 1.6 percent for the year, from $112.1 million last year to $110.3 million this year.
Increased 35.0 percent for the month.

Refunds
Increased 32.0 percent for the year, from $126.8 million last year to $167.3 million this year.
Decreased 2.3 percent for the month.

The figures included in the monthly general revenue report represent a snapshot in time and can vary widely based on a multitude of factors.