MO Project: Contextual Branding

State releases July 2018 General Revenue Report

August 2, 2018

JEFFERSON CITY - State Budget Director Dan Haug announced today that July 2018 net general revenue collections decreased 5.3 percent compared to July 2017, from $574.2 million last year to $543.6 million this year. 

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

Decreased 8.9 percent for the year, from $443.0 million last year to $403.5 million this year.

Sales and use tax collections

Increased 9.8 percent for the year from $150.9 million last year to $165.6 million this year.

Corporate income and corporate franchise tax collections

Decreased 11.4 percent for the year, from $17.6 million last year to $15.6 million this year.

All other collections

Increased 2.7 percent for the year, from $18.4 million last year to $18.9 million this year.

Refunds

Increased 7.8 percent for the year, from $55.7 million last year to $60.0 million this year.

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