Missouri Office of Administration

 

For Immediate Release                                                                                              Contact:  Dan Haug

October 5, 2020                                                                                                                  573-751-2345

 

State Releases September 2020 General Revenue Report

 

State Budget Director Dan Haug announced today that net general revenue collections for September 2020 increased 3.0 percent compared to those for September 2019, from $917.3 million last year to $944.5 million this year.

 

Net general revenue collections for 2021 fiscal year-to-date increased 33.8 percent compared to September 2019, from $2.31 billion last year to $3.09 billion this year.

 

GROSS COLLECTIONS BY TAX TYPE

Sales and use tax collections

  • Increased 2.7 percent for the year, from $583.7 million last year to $599.7 million this year.
  • Increased 9.8 percent for the month.

 

Individual income tax collections

  • Increased 46.9 percent for the year, from $1.60 billion last year to $2.35 billion this year.
  • Increased 0.9 percent for the month.

 

Corporate income and corporate franchise tax collections

  • Increased 69.3 percent for the year, from $138.8 million last year to $234.9 million this year.
  • Decreased 16.1 percent for the month.

 

All other collections

  • Decreased 5.4 percent for the year, from $118.4 million last year to $112.0 million this year.
  • Increased 34.0 percent for the month.

 

Refunds

  • Increased 58.4 percent for the year, from $128.7 million last year to $203.9 million this year.
  • Decreased 3.3 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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