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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