State Releases February 2018 General Revenue Report

JEFFERSON CITY, MO (KDKZ-TV) State Budget Director Dan Haug announced that 2018 fiscal year-to-date net general revenue collections increased 4.4 percent compared to 2017, from $5.71 billion last year to $5.97 billion this year.

Net general revenue collections for February 2018 decreased 21.5 percent compared to those for February 2017, from $606.3 million last year to $475.7 million this year.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

• Increased 6.1 percent for the year, from $4.45 billion last year to $4.72 billion this year.
• Decreased 3.5 percent for the month.

Sales and use tax collections

• Increased 2.2 percent for the year from $1.43 billion last year to $1.46 billion this year.
• Decreased 0.7 percent for the month.

Corporate income and corporate franchise tax collections

• Increased 21.0 percent for the year, from $203.5 million last year to $246.2 million this year.
• Decreased 45.9 percent for the month.

All other collections

• Decreased 0.5 percent for the year, from $266.1 million last year to $264.8 million this year.
• Decreased 61.4 percent for the month.

Refunds

• Increased 14.6 percent for the year, from $634.3 million last year to $726.7 million this year.
• Increased 42.8 percent for the month.