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May revenue collections up 10% in Missouri compared to 2012 - KOAM TV 7

May revenue collections up 10% in Missouri compared to 2012

Updated:

News release from the State of Missouri Office of Administration:

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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