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State releases July 2019 general revenue report

State Budget Director Dan Haug announced that July 2019 net general revenue collections increased 8.2 percent compared to July 2018, from $543.6 million last year to $588.4 million this year.  

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

  • Increased 2.6 percent for the year, from $403.5 million last year to $414.2 million this year.

Sales and use tax collections

  • Increased 8.6 percent for the year, from $165.6 million last year to $179.8 million this year.

Corporate income and corporate franchise tax collections

  • Increased 53.9 percent for the year, from $15.6 million last year to $24.0 million this year.

All other collections

  • Increased 16.0 percent for the year, from $18.9 million last year to $21.9 million this year.

Refunds

  • Decreased 14.0 percent for the year, from $60.0 million last year to $51.6 million this year.

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