State Releases March 2017 General Revenue Report

April 4, 2017

JEFFERSON CITY - Acting State Budget Director Dan Haug announced today that 2017 fiscal year-to-date net general revenue collections increased 4.3 percent compared to 2016, from $6.20 billion last year to $6.47 billion this year.

Net general revenue collections for March 2017 decreased by 0.2 percent compared to those for March 2016, from $757.1 million to $755.6 million.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections
Increased 4.1 percent for the year, from $4.88 billion last year to $5.08 billion this year.
Increased 4.4 percent for the month.

Sales and use tax collections
Increased 2.2 percent for the year, from $1.57 billion last year to $1.61 billion this year.
Increased 1.7 percent for the month.

Corporate income and corporate franchise tax collections
Decreased 25.9 percent for the year, from $318.1 million last year to $235.7 million this year.
Decreased 27.5 percent for the month.

All other collections
Increased 15.3 percent for the year, from $311.5 million last year to $359.1 million this year.
Decreased 0.6 percent for the month.

Refunds
Decreased 7.8 percent for the year, from $882.1 million last year to $813.1 million this year.
Increased 11.2 percent for the month.

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