Missouri Office of Administration

*For Immediate Release** **Contact: Dan Haug*

*August 5, 2020** **573-751-2345*

*State Releases July 2020 General Revenue Report*

State Budget Director Dan Haug announced today that July 2020 net general revenue collections increased 96.4 percent compared to July 2019, from $588.4 million last year to $1.16 billion this year. The income tax deadline was extended from April 15, 2020 to July 15, 2020.



GROSS COLLECTIONS BY TAX TYPE

_Individual income tax collections_

* Increased 121.0 percent for the year, from $414.2 million last year to $915.6 million this year.

_Sales and use tax collections_

* Increased 1.1 percent for the year, from $179.8 million last year to $181.8 million this year.

_Corporate income and corporate franchise tax collections_

* Increased 490.5 percent for the year, from $24.0 million last year to $141.8 million this year.

_All other collections_

* Decreased 16.2 percent for the year, from $21.9 million last year to $18.4 million this year.

_Refunds_

* Increased 98.0 percent for the year, from $51.6 million last year to $102.2 million this year.

"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 2020-07.xlsx [ [link removed] ]

Missouri Department of Administrative Services [ [link removed] ]
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