MO Project: Contextual Branding

Office of Administration

Commissioner’s Office

Excellent customer service, every time.

State Releases December 2014 General Revenue Report

January 5, 2015

JEFFERSON CITY - State Budget Director Linda Luebbering announced today that 2015 fiscal year-to-date net general revenue collections increased 5.1 percent compared to 2014, from $3.87 billion last year to $4.06 billion this year.

Net general revenue collections for December 2014 increased by 10.7 percent compared to those for December 2013, from $759.6 million to $841.1 million. 

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections
Increased 6.3 percent for the year, from $2.71 billion last year to $2.88 billion this year.
Increased 9.6 percent for the month. 

Sales and use tax collections
Increased 3.0 percent for the year, from $979.6 million last year to $1.01 billion this year.
Increased 4.8 percent for the month.

Corporate income and corporate franchise tax collections
Increased 3.3 percent for the year, from $260.6 million last year to $269.3 million this year.
Increased 19.8 percent for the month. 

All other collections
Decreased 5.8 percent for the year, from $187.1 million last year to $176.4 million this year.
Decreased 19.8 percent for the month.

Refunds
Increased 1.2 percent for the year, from $266.2 million last year to $269.5 million this year.
Decreased 25.8 percent for the month.