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 for March 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 to March 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
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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
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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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