Missouri Office of Administration

*For Immediate Release Contact: Dan Haug*

*November 6, 2020 573-751-2345*



*State Releases October 2020 General Revenue Report*

*JEFFERSON CITY, MO* - State Budget Director Dan Haug announced today that netgeneral revenue collections for 2021 fiscal year-to-date increased 25.3 percent compared to October 2019, from $2.97 billion last year to $3.72 billion this year.

Net general revenue collections for October 2020 decreased 4.2 percent compared to those for October 2019, from $659.6 million last year to $631.9 million this year.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

* Increased 33.7 percent for the year, from $2.12 billion last year to $2.84 billion this year.
* Decreased 6.5 percent for the month.

Sales and use tax collections

* Increased 2.1 percent for the year, from $757.4 million last year to $773.6 million this year.
* Increased 0.1 percent for the month.

Corporate income and corporate franchise tax collections

* Increased 64.7 percent for the year, from $168.4 million last year to $277.3 million this year.
* Increased 43.2 percent for the month.

All other collections

* Decreased 0.8 percent for the year, from $133.7 million last year to $132.7 million this year.
* Increased 35.1 percent for the month.

Refunds

* Increased 41.1 percent for the year, from $212.2 million last year to $299.2 million this year.
* Increased 14.2 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."



###




* PR 2020-10.xlsx [ [link removed] ]

Missouri Department of Administrative Services [ [link removed] ]
STAY CONNECTED: Follow us on Twitter [ [link removed] ] Find us on Facebook [ [link removed] ] Sign up for email updates [ [link removed] ] Follow us on YouTube [ [link removed] ]

Bookmark and Share [ [link removed] ]




SUBSCRIBER SERVICES:



Preferences [ [link removed] ]|Help [ [link removed] ]
Unsubscribe [ [link removed] ]|Contact Us [ [link removed] ]





________________________________________________________________________

This email was sent to [email protected] using GovDelivery Communications Cloud on behalf of: Missouri Office of Administration 301 West High Street Jefferson City, MO 65101 GovDelivery logo [ [link removed] ]