September 2016 general revenue report released by Missouri Office of Administration


By JRBJ Staff

The Missouri Office of Administration announced on Oct. 4 the fiscal year-to-date net general revenue collections according to a press release. Acting State Budget Director Dan Haug found that the collections increased 3.6 percent compared to 2015, from $2.10 billion last year to $2.17 billion this year.

 

Net general revenue collections for September 2016 increased by 5.8 percent compared to those for September 2015, from $842.1 million to $891.1 million.

 

GROSS COLLECTIONS BY TAX TYPE:

Individual income tax collections

  • Increased 4.6 percent for the year, from $1.50 billion last year to $1.57 billion this year.
  • Increased 3.1 percent for the month.

 

Sales and use tax collections

  • Increased 2.3 percent for the year, from $523.9 million last year to $536.2 million this year.
  • Increased 9.4 percent for the month.

 

Corporate income and corporate franchise tax collections

  • Decreased 21.8 percent for the year, from $126.3 million last year to $98.8 million this year.
  • Decreased 19.2 percent for the month.

 

All other collections

  • Increased 2.6 percent for the year, from $92.1 million last year to $94.5 million this year.
  • Increased 90.2 percent for the month.

 

Refunds

  • Decreased 12.3 percent for the year, from $147.1 million last year to $128.9 million this year.
  • Decreased 19.5 percent for the month.

 

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