Hazardous Weather Policy Implemented

State releases January 2018 General Revenue Report

February 2, 2018

JEFFERSON CITY - State Budget Director Dan Haug announced today that 2018 fiscal year-to-date net general revenue collections increased 7.5 percent compared to 2017, from $5.11 billion last year to $5.49 billion this year.

Net general revenue collections for January 2018 increased 24.4 percent compared to those for January 2017, from $848.1 million last year to $1.06 billion this year. 

GROSS COLLECTIONS BY TAX TYPE
 
Individual income tax collections
Increased 7.6 percent for the year, from $3.85 billion last year to $4.15 billion this year.
Increased 31.7 percent for the month.

Sales and use tax collections
Increased 2.6 percent for the year from $1.24 billion last year to $1.28 billion this year.
Increased 12.7 percent for the month.

Corporate income and corporate franchise tax collections
Increased 24.6 percent for the year, from $193.1 million last year to $240.6 million this year.
Decreased 1.1 percent for the month.

All other collections
Increased 5.3 percent for the year, from $243.2 million last year to $256.0 million this year.
Increased 11.9 percent for the month.

Refunds
Increased 0.7 percent for the year, from $425.4 million last year to $428.5 million this year.
Increased 49.9 percent for the month.

Note: The FY 2018 total refund line includes Debt Offset Escrow amounts, which had not previously been included in the FY 2017 refund amount.

 

The figures included in the monthly general revenue report represent a snapshot in time and can vary widely based on a multitude of factors.