Missouri Office of Administration
*For Immediate Release** **Contact: Dan Haug*
*September 3, 2020** **573-751-2345*
*State Releases August 2020 General Revenue Report*
State Budget Director Dan Haug announced today that net general revenue collections for August 2020 increased 23.1 percent compared to those for August 2019, from $805.3 million last year to $991.6 million this year.
Net general revenue collections for 2021 fiscal year-to-date increased 54.1 percent compared to August 2019, from $1.39 billion last year to $2.15 billion this year.
*GROSS COLLECTIONS BY TAX TYPE*
*Individual income tax collections*
* Increased 76.8 percent for the year, from $969.6 million last year to $1.71 billion this year.
* Increased 43.7 percent for the month.
*Sales and use tax collections*
* Decreased 0.2 percent for the year, from $412.9 million last year to $412.3 million this year.
* Decreased 1.2 percent for the month.
*Corporate income and corporate franchise tax collections*
* Increased 274.3 percent for the year, from $40.8 million last year to $152.8 million this year.
* Decreased 34.6 percent for the month.
*All other collections*
* Decreased 41.8 percent for the year, from $61.6 million last year to $35.8 million this year.
* Decreased 56.0 percent for the month.
*Refunds*
* Increased 83.8 percent for the year, from $91.2 million last year to $167.7 million this year.
* Increased 65.2 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 2020-08.xlsx [ [link removed] ]
Missouri Department of Administrative Services [ [link removed] ]
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