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Missouri Releases September 2013 General Revenue Report - KOAM TV 7

Missouri Releases September 2013 General Revenue Report

Updated:

FROM THE OFFICE OF THE MISSOURI STATE BUDGET DIRECTOR

State Releases September 2013 General Revenue Report

State Budget Director Linda Luebbering announced today that 2014 fiscal year-to-date net general revenue collections increased 2.7 percent compared to 2013, from $1.90 billion last year to $1.95 billion this year.

Net general revenue collections for September 2013 increased by 8.3 percent compared to those for September 2012, from $743.2 million to $804.6 million.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collectionsIncreased 3.8 percent for the year, from $1.29 billion last year to $1.34 billion this year.Increased 5.4 percent for the month.

Sales and use tax collectionsIncreased 5.1 percent for the year, from $471.0 million last year to $495.1 million this year.Increased 16.5 percent for the month.

Corporate income and corporate franchise tax collectionsIncreased 28.4 percent for the year, from $105.0 million last year to $134.9 million this year.Increased 35.0 percent for the month. All other collectionsDecreased 32.5 percent for the year, from $138.0 million last year to $93.2 million this year.Increased 12.7 percent for the month.

RefundsIncreased 5.9 percent for the year, from $105.4 million last year to $111.6 million this year.Increased 94.1 percent for the month.

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