MO Project: Contextual Branding

State Releases March 2020 General Revenue Report

April 6, 2020

JEFFERSON CITY, MO - State Budget Director Dan Haug announced today that net general revenue collections for March 2020 decreased 4.2 percent compared to those for March 2019, from $759.5 million last year to $727.6 million this year.

Net general revenue collections for 2020 fiscal year-to-date increased 5.8 percent compared to March 2019, from $6.43 billion last year to $6.80 billion this year.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

  • Increased 6.1 percent for the year, from $4.97 billion last year to $5.28 billion this year.
  • Decreased 8.9 percent for the month.

Sales and use tax collections

  • Increased 2.5 percent for the year, from $1.68 billion last year to $1.72 billion this year.
  • Increased 5.6 percent for the month.

Corporate income and corporate franchise tax collections

  • Increased 15.8 percent for the year, from $291.3 million last year to $337.3 million this year.
  • Increased 25.8 percent for the month.

All other collections

  • Decreased 2.4 percent for the year, from $370.1 million last year to $361.3 million this year.
  • Decreased 17.3 percent for the month.

Refunds

  • Increased 1.2 percent for the year, from $887.1 million last year to $897.9 million this year.
  • Decreased 13.8 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.

See the full March 2020 General Revenue Report