Missouri Office of Administration

For Immediate Release                                                                                              Contact:  Dan Haug

December 9, 2020                                                                                                           573-751-2345

 

State Releases November 2020 General Revenue Report

JEFFERSON CITY, MO - State Budget Director Dan Haug announced today that net general revenue collections for November 2020 increased 14.5 percent compared to those for November 2019, from $708.5 million last year to $811.1 million this year.

Net general revenue collections for 2021 fiscal year-to-date increased 23.3 percent compared to November 2019, from $3.68 billion last year to $4.53 billion this year.

GROSS COLLECTIONS BY TAX TYPE 

Individual income tax collections

  • Increased 27.9 percent for the year, from $2.67 billion last year to $3.42 billion this year.
  • Increased 5.3 percent for the month.

Sales and use tax collections

  • Increased 3.1 percent for the year, from $953.1 million last year to $983.0 million this year.
  • Increased 7.0 percent for the month.

Corporate income and corporate franchise tax collections

  • Increased 66.2 percent for the year, from $174.0 million last year to $289.2 million this year.
  • Increased 112.4 percent for the month. 

All other collections

  • Increased 23.0 percent for the year, from $156.2 million last year to $192.1 million this year.
  • Increased 164.9 percent for the month.

Refunds

  • Increased 25.5 percent for the year, from $276.4 million last year to $346.9 million this year.
  • Decreased 25.9 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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