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State Releases August 2014 General Revenue Report

September 3, 2014

JEFFERSON CITY - State Budget Director Linda Luebbering announced today that 2015 fiscal year-to-date net general revenue collections increased 4.3 percent compared to 2014, from $1.15 billion last year to $1.20 billion this year.

Net general revenue collections for August 2014 increased by 2.7 percent compared to those for August 2013, from $667.2 million to $685.4 million.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

Increased 8.4 percent for the year, from $784.4 million last year to $850.3 million this year.
Increased 7.8 percent for the month.

Sales and use tax collections

Increased 0.5 percent for the year, from $341.8 million last year to $343.4 million this year.
Increased 1.0 percent for the month.

Corporate income and corporate franchise tax collections

Decreased 5.1 percent for the year, from $30.8 million last year to $29.3 million this year.
Decreased 1.9 percent for the month.

All other collections

Increased 3.2 percent for the year, from $63.2 million last year to $65.2 million this year.
Decreased 6.3 percent for the month.

Refunds

Increased 25.3 percent for the year, from $71.6 million last year to $89.8 million this year.
Increased 57.1 percent for the month.