NEWS RELEASE
For Immediate Release Contact: Dan Haug
February 6, 2020 573-751-2345
State Budget Director Dan Haug announced today that net general revenue collections for January 2020 increased 7.4 percent compared to those for January 2019, from $801.2 million last year to $860.7 million this year.
Net general revenue collections 2020 fiscal year-to-date increased 5.5 percent compared to January 2019, from $5.11 billion last year to $5.39 billion this year.
GROSS COLLECTIONS BY TAX TYPE
Individual income tax collections
Increased 6.2 percent for the year, from $3.73 billion last year to $3.96 billion this year.
Increased 11.7 percent for the month.
Sales and use tax collections
Increased 1.2 percent for the year, from $1.31 billion last year to $1.33 billion this year.
Decreased 11.9 percent for the month.
Corporate income and corporate franchise tax collections
Increased 15.8 percent for the year, from $250.3 million last year to $290.0 million this year.
Decreased 25.3 percent for the month.
All other collections
Increased 4.0 percent for the year, from $237.9 million last year to $247.5 million this year.
Increased 12.1 percent for the month.
Refunds
Increased 3.2 percent for the year, from $422.1 million last year to $435.6 million this year.
Decreased 18.0 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.
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