JEFFERSON CITY, MO - Budget Director Dan Haug announced today that Net general revenue collections for May 2021 increased 128.3 percent compared to those for May 2020, from $533.5 million last year to $1.22 billion this year.
Net general revenue collections for 2021 fiscal year-to-date increased 24.3 percent compared to May 2020, from $8.06 billion last year to $10.02 billion this year.
GROSS COLLECTIONS BY TAX TYPE
Individual income tax collections
- Increased 27.4 percent for the year, from $6.36 billion last year to $8.10 billion this year.
- Increased 92.5 percent for the month.
Sales and use tax collections
- Increased 6.5 percent for the year from $2.08 billion last year to $2.22 billion this year.
- Increased 20.6 percent for the month.
Corporate income and corporate franchise tax collections
- Increased 63.7 percent for the year, from $412.9 million last year to $676.0 million this year.
- Increased 147.0 percent for the month.
All other collections
- Increased 18.0 percent for the year, from $415.5 million last year to $490.2 million this year.
- Increased 113.3 percent for the month.
Refunds
- Increased 21.6 percent for the year, from $1.20 billion last year to $1.46 billion this year.
- Decreased 24.5 percent for the month.
The figures included in the monthly general revenue report represent a snapshot in time and can vary widely based on a multitude of factors.