Missouri Office of Administration

For Immediate Release Contact: Dan Haug
June 5, 2020 573-751-2345

*State Releases May 2020 General Revenue Report*

*JEFFERSON CITY, MO* - State Budget Director Dan Haug announced today that net general revenue collections for May 2020 decreased 22.5 percent compared to those for May 2019, from $688.2 million last year to $533.5 million this year.

Net general revenue collections for 2020 fiscal year-to-date decreased 7.4 percent compared to
May 2019, from $8.70 billion last year to $8.06 billion this year.

*GROSS COLLECTIONS BY TAX TYPE*

Individual income tax collections


* Decreased 9.1 percent for the year, from $7.00 billion last year to $6.36 billion this year.
* Decreased 3.1 percent for the month.

Sales and use tax collections


* Increased 1.0 percent for the year, from $ 2.06 billion last year to $2.08 billion this year.
* Decreased 10.3 percent for the month.

Corporate income and corporate franchise tax collections


* Decreased 7.5 percent for the year, from $446.6 million last year to $412.9 million this year.
* Increased 137.4 percent for the month.

All other collections


* Decreased 4.1 percent for the year, from $433.4 million last year to $415.5 million this year.
* Decreased 35.1 percent for the month.

Refunds


* Decreased 2.1 percent for the year, from $1.23 billion last year to $1.20 billion this year.
* Increased 79.3 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 2020-05.xlsx [ [link removed] ]

Missouri Department of Administrative Services [ [link removed] ]
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