MO Project: Contextual Branding

State Releases January 2014 General Revenue Report

February 4, 2014

JEFFERSON CITY, MO. -  State Budget Director Linda Luebbering announced today that 2014 fiscal year-to-date net general revenue collections increased 0.7 percent compared to 2013, from $4.54 billion last year to $4.57 billion this year. 

Net general revenue collections for January 2014 decreased by 9.5 percent compared to those for January 2013, from $779.5 million to $705.8 million.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

  • Increased 1.8 percent for the year, from $3.22 billion last year to $3.28 billion this year.

  • Decreased 2.3 percent for the month.

Sales and use tax collections

  • Increased 3.7 percent for the year from $1.10 billion last year to $1.14 billion this year.

  • Decreased 9.6 percent for the month.

Corporate income and corporate franchise tax collections

  • Increased 16.8 percent for the year, from $237.9 million last year to $277.9 million this year.

  • Decreased 26.3 percent for the month.

All other collections

  • Decreased 22.3 percent for the year, from $259.2 million last year to $201.5 million this year.

  • Decreased 38.0 percent for the month.

Refunds

  • Increased 19.0 percent for the year, from $278.1 million last year to $331.0 million this year.

  • Increased 73.6 percent for the month.

###