State Releases September 2017 General Revenue Report

October 3, 2017

JEFFERSON CITY - State Budget Director Dan Haug announced today that September 2017 net general revenue collections decreased 1.8 percent compared to September 2016, from $891.1 million last year to $875.4 million this year. 

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections
Increased 2.5 percent for the year, from $1.57 billion last year to $1.61 billion this year.
Increased 2.8 percent for the month.

Sales and use tax collections
Decreased 0.1 percent for the year from $536.2 million last year to $535.5 million this year.
Decreased 9.6 percent for the month.

Corporate income and corporate franchise tax collections
Increased 8.8 percent for the year, from $98.8 million last year to $107.5 million this year.
Increased 6.3 percent for the month.

All other collections
Increased 18.6 percent for the year, from $94.5 million last year to $112.1 million this year.
Decreased 27.8 percent for the month.

Refunds
Decreased 1.7 percent for the year, from $128.9 million last year to $126.8 million this year.
Increased 17.9 percent for the month.

Note: The FY 2018 total refund line includes Debt Offset Escrow amounts, which had not previously been included in the FY 2017 refund amount.

The Department of Revenue is transitioning to a new integrated tax collection system.  As a result, the September 2017 collections are not directly comparable to September 2016 collections.

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