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State releases January 2019 General Revenue Report

  

State Budget Director Dan Haug announced today that net general revenue collections for January 2019 decreased 24.1 percent compared to those for January 2018, from $1.06 billion last year to $801.2 million this year.

Net general revenue collections for 2019 fiscal year-to-date decreased 7.0 percent compared to January 2018, from $5.49 billion last year to $5.11 billion this year.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections
Decreased 10.0 percent for the year, from $4.15 billion last year to $3.73 billion this year.
Decreased 32.2 percent for the month.

Sales and use tax collections
Increased 2.9 percent for the year, from $1.28 billion last year to $1.31 billion this year.
Decreased 3.2 percent for the month.

Corporate income and corporate franchise tax collections
Increased 4.1 percent for the year, from $240.6 million last year to $250.3 million this year.
Increased 109.8 percent for the month.

All other collections
Decreased 7.1 percent for the year, from $256.0 million last year to $237.9 million this year.
Decreased 31.4 percent for the month.

Refunds
Decreased 1.5 percent for the year, from $428.5 million last year to $422.1 million this year.
Decreased 35.7 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.