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State Releases May 2013 General Revenue Report

June 4, 2013

JEFFERSON CITY, MO - State Budget Director Linda Luebbering announced today that 2013 fiscal year-to-date net general revenue collections increased 10.4 percent compared to 2012, from $6.61 billion last year to $7.30 billion this year.

 

Net general revenue collections for May 2013 increased by 2.5 percent compared to those for May 2012, from $618.1 million to $633.7 million.

 

 

GROSS COLLECTIONS BY TAX TYPE

 

Individual income tax collections

  • Increased 9.3 percent for the year, from $5.33 billion last year to $5.82 billion this year.
  • Increased 3.5 percent for the month.

 

Sales and use tax collections

  • Increased 1.5 percent for the year from $1.71 billion last year to $1.74 billion this year.
  • Decreased 2.5 percent for the month.

 

Corporate income and corporate franchise tax collections

  • Increased 3.1 percent for the year, from $414.1 million last year to $427.1 million this year.
  • Increased 15.9 percent for the month.

 

All other collections

  • Increased 25.9 percent for the year, from $347.4 million last year to $437.2 million this year.
  • Increased 33.6 percent for the month.

 

Refunds

  • Decreased 5.6 percent for the year, from $1.19 billion last year to $1.13 billion this year.
  • Increased 15.6 percent for the month.

 

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