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State Releases October 2012 General Revenue Report

November 2, 2012

JEFFERSON CITY, MO -- State Budget Director Linda Luebbering announced today that 2013 fiscal year-to-date net general revenue collections increased 7.5 percent compared to 2012, from $2.25 billion last year to $2.42 billion this year. 

Net general revenue collections for October 2012 increased by 11.0 percent compared to those for October 2011, from $470.1 million to $522.0 million. 

GROSS COLLECTIONS BY TAX TYPE 

Individual income tax collections

  • Increased 3.2 percent for the year, from $1.63 billion last year to $1.68 billion this year.
  • Increased 1.7 percent for the month. 

Sales and use tax collections

  • Increased 2.7 percent for the year, from $601.3 million last year to $617.5 million this year.
  • Increased 9.1 percent for the month. 

Corporate income and corporate franchise tax collections

  • Increased 1.8 percent for the year, from $127.7 million last year to $129.9 million this year.
  • Increased 3.1 percent for the month. 

All other collections

  • Increased 34.3 percent for the year, from $123.3 million last year to $165.7 million this year.
  • Increased 59.2 percent for the month. 

Refunds

  • Decreased 25.1 percent for the year, from $224.4 million last year to $168.1 million this year.
  • Decreased 26.0 percent for the month.

 

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