MO Project: Contextual Branding

State Releases February 2014 General Revenue Report

March 4, 2014

JEFFERSON CITY - State Budget Director Linda Luebbering announced today that 2014 fiscal year-to-date net general revenue collections increased 2.0 percent compared to 2013, from $4.94 billion last year to $5.04 billion this year. 

Net general revenue collections for February 2014 increased by 17.3 percent compared to those for February 2013, from $397.2 million to $466.1 million. 

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

Increased 2.5 percent for the year, from $3.71 billion last year to $3.80 billion this year.
Increased 6.6 percent for the month.

Sales and use tax collections

Increased 4.1 percent for the year from $1.26 billion last year to $1.31 billion this year.
Increased 7.0 percent for the month.

Corporate income and corporate franchise tax collections

Increased 14.1 percent for the year, from $251.2 million last year to $286.7 million this year.
Decreased 34.2 percent for the month.

All other collections

Decreased 20.7 percent for the year, from $283.3 million last year to $224.6 million this year.
Decreased 4.4 percent for the month.

Refunds

Increased 3.9 percent for the year, from $564.8 million last year to $586.6 million this year.
Decreased 10.9 percent for the month.

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