MO Project: Contextual Branding

State Releases October 2013 General Revenue Report

November 4, 2013

JEFFERSON CITY, MO --State Budget Director Linda Luebbering announced today that 2014 fiscal year-to-date net general revenue collections increased 2.5 percent compared to 2013, from $2.42 billion last year to $2.48 billion this year.

 

Net general revenue collections for October 2013 increased by 1.7 percent compared to those for October 2012, from $522.0 million to $530.9 million.

 

GROSS COLLECTIONS BY TAX TYPE

 

Individual income tax collections

  • Increased 3.8 percent for the year, from $1.68 billion last year to $1.74 billion this year.
  • Increased 3.9 percent for the month.

 

Sales and use tax collections

  • Increased 4.4 percent for the year, from $617.5 million last year to $644.8 million this year.
  • Increased 2.2 percent for the month.

 

Corporate income and corporate franchise tax collections

  • Increased 26.4 percent for the year, from $129.9 million last year to $164.3 million this year.
  • Increased 18.0 percent for the month.

 

All other collections

  • Decreased 37.0 percent for the year, from $165.7 million last year to $104.3 million this year.
  • Decreased 59.8 percent for the month.

 

Refunds

  • Increased 2.1 percent for the year, from $168.1 million last year to $171.7 million this year.
  • Decreased 4.3 percent for the month.

 

 

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