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State Releases December 2012 General Revenue Report

January 4, 2013

JEFFERSON CITY, MO -- State Budget Director Linda Luebbering announced today that 2013 fiscal year-to-date net general revenue collections increased 7.9 percent compared to fiscal year 2012, from $3.49 billion last year to $3.77 billion this year.

Net general revenue collections for December 2012 increased by 10.7 percent compared to those for December 2011, from $652.8 million to $722.9 million.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

  • Increased 5.7 percent for the year, from $2.49 billion last year to $2.63 billion this year.
  • Increased 15.8 percent for the month.

Sales and use tax collections

  • Increased 0.3 percent for the year, from $918.2 million last year to $920.9 million this year.
  • Decreased 1.4 percent for the month.

Corporate income and corporate franchise tax collections

  • Decreased 1.9 percent for the year, from $218.5 million last year to $214.5 million this year.
  • Increased 5.2 percent for the month.

All other collections

  • Increased 39.8 percent for the year, from $168.8 million last year to $236.0 million this year.
  • Increased 10.8 percent for the month.

Refunds

  • Decreased 21.8 percent for the year, from $307.9 million last year to $240.7 million this year.
  • Increased 14.0 percent for the month.