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State Releases Fiscal Year 2012 General Revenue Report

July 3, 2012

JEFFERSON CITY, MO - State Budget Director Linda Luebbering announced today that Fiscal Year 2012 ended with net general revenue collections increasing by 3.2 percent compared to Fiscal Year 2011, from $7.11 billion last year to $7.34 billion this year.  

Net general revenue collections for June 2012 increased by 1.8 percent compared to those for June 2011, from $716.6 million to $729.2 million. 


GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

  • Increased 3.8 percent for the year, from $5.63 billion last year to $5.84 billion this year.
  • Increased 7.6 percent for the month.

Sales and use tax collections

  • Increased 3.5 percent for the year from $1.81 billion last year to $1.87 billion this year.
  • Decreased 8.0 percent for the month.

Corporate income and corporate franchise tax collections

  • Decreased 6.4 percent for the year, from $537.3 million last year to $502.9 million this year.
  • Increased 14.1 percent for the month.

All other collections

  • Decreased 14.6 percent for the year, from $466.6 million last year to $398.4 million this year.
  • Increased 31.0 percent for the month.

Refunds

  • Decreased 4.4 percent for the year, from $1.34 billion last year to $1.28 billion this year.
  • Increased 62.6 percent for the month.

 

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