State Releases August 2016 General Revenue Report

September 2, 2016

JEFFERSON CITY - State Acting Budget Director Dan Haug announced today that August 2016 net general revenue collections decreased 1.4 percent compared to August 2015, from $751.3 million last year to $740.6 million this year. 


GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

Increased 5.6 percent for the year, from $907.3 million last year to $958.0 million this year.
Increased 5.4 percent for the month.

Sales and use tax collections

Decreased 0.82 percent for the year from $361.1 million last year to $358.1 million this year.
Decreased 4.3 percent for the month.

Corporate income and corporate franchise tax collections

Decreased 28.7 percent for the year, from $34.0 million last year to $24.3 million this year.
Decreased 16.5 percent for the month.

All other collection

Decreased 36.0 percent for the year, from $64.0 million last year to $41.0 million this year.
Decreased 28.6 percent for the month.

 

Refunds

Decreased 9.7 percent for the year, from $108.2 million last year to $97.7 million this year.
Increased 33.9 percent for the month.