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State Releases January 2015 General Revenue Report

February 3, 2015

JEFFERSON CITY - State Budget Director Linda Luebbering announced today that 2015 fiscal year-to-date net general revenue collections increased 4.9 percent compared to 2014, from $4.57 billion last year to $4.80 billion this year.

Net general revenue collections for January 2015 increased by 4.1 percent compared to those for January 2014, from $705.8 million to $734.8 million. 

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections
I
ncreased 6.5 percent for the year, from $3.28 billion last year to $3.49 billion this year.
Increased 7.1 percent for the month. 

Sales and use tax collections
Increased 2.5 percent for the year, from $1.14 billion last year to $1.17 billion this year.
Decreased 0.63 percent for the month.

Corporate income and corporate franchise tax collections
Increased 3.0 percent for the year, from $277.9 million last year to $286.4 million this year.
Decreased 1.1 percent for the month. 

All other collections
Decreased 2.7 percent for the year, from $201.5 million last year to $196.0 million this year.
Increased 36.7 percent for the month.

Refunds
Increased 5.8 percent for the year, from $331.0 million last year to $350.4 million this year.
Increased 24.8 percent for the month.