Missouri Office of Administration
*NEWS RELEASE*
For Immediate Release Contact: Dan Haug
April 6, 2020 573-751-2345
*State Releases March 2020 General Revenue Report*
State Budget Director Dan Haug announced today that net general revenue collections forMarch 2020 decreased 4.2 percent compared to those for March 2019, from $759.5 million last year to$727.6 million this year.
Net general revenue collections for 2020 fiscal year-to-date increased 5.8 percent compared toMarch 2019, from $6.43 billion last year to $6.80 billion this year.
*GROSS COLLECTIONS BY TAX TYPE*
*Individual income tax collections*
* Increased 6.1 percent for the year, from $4.97 billion last year to $5.28 billion this year.
* Decreased 8.9 percent for the month.
*Sales and use tax collections*
* Increased 2.5 percent for the year, from $1.68 billion last year to $1.72 billion this year.
* Increased 5.6 percent for the month.
*Corporate income and corporate franchise tax collections*
* Increased 15.8 percent for the year, from $291.3 million last year to $337.3 million this year.
* Increased 25.8 percent for the month.
*All other collections*
* Decreased 2.4 percent for the year, from $370.1 million last year to $361.3 million this year.
* Decreased 17.3 percent for the month.
*Refunds*
* Increased 1.2 percent for the year, from $887.1 million last year to $897.9 million this year.
* Decreased 13.8 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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* PR 2020-03.xlsx [ [link removed] ]
Missouri Department of Administrative Services [ [link removed] ]
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