State Releases November 2016 General Revenue Report

December 2, 2016

JEFFERSON CITY - Acting State Budget Director Dan Haug announced today that 2016 fiscal year-to-date net general revenue collections increased 2.6 percent compared to 2015, from $3.36 billion last year to $3.45 billion this year.

Net general revenue collections for November 2016 decreased by 0.5 percent compared to those for November 2015, from $690.4 million to $687.2 million.

GROSS COLLECTIONS BY TAX TYPE

Sales and use tax collections
Increased 4.2 percent for the year, from $847.0 million last year to $882.5 million this year.
Increased 12.2 percent for the month.

Individual income tax collections
Increased 4.2 percent for the year, from $2.49 billion last year to $2.59 billion this year.
Increased 1.1 percent for the month.

Corporate income and corporate franchise tax collections
Decreased 27.6 percent for the year, from $163.2 million last year to $118.2 million this year.
Decreased 54.8 percent for the month.

All other collections
Increased 10.1 percent for the year, from $135.0 million last year to $148.7 million this year.
Decreased 14.3 percent for the month.

Refunds
Increased 7.1 percent for the year, from $275.2 million last year to $294.8 million this year.
Increased 29.7 percent for the month.