State Budget Director Dan Haug announced today that net general revenue collections for August 2019 increased 10.2 percent compared to those for August 2018, from $730.5 million last year to $805.3 million this year.
Net general revenue collections for 2020 fiscal year-to-date increased 9.4 percent compared to August 2018, from $1.27 billion last year to $1.39 billion this year.
GROSS COLLECTIONS BY TAX TYPE
Individual income tax collections
- Increased 4.1 percent for the year, from $931.7 million last year to $969.6 million this year.
- Increased 5.1 percent for the month.
Sales and use tax collections
- Increased 6.2 percent for the year, from $388.7 million last year to $412.9 million this year.
- Increased 4.5 percent for the month.
Corporate income and corporate franchise tax collections
- Increased 52.4 percent for the year, from $26.8 million last year to $40.8 million this year.
- Increased 50.2 percent for the month.
All other collections
- Increased 5.9 percent for the year, from $58.2 million last year to $61.6 million this year.
- Increased 1.0 percent for the month.
Refunds
- Decreased 30.5 percent for the year, from $131.3 million last year to $91.2 million this year.
- Decreased 44.4 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.
