State Releases November 2012 General Revenue Report

State Releases November 2012 General Revenue Report

 

JEFFERSON CITY, MO – State Budget Director Linda Luebbering announced today that 2013 fiscal year-to-date net general revenue collections increased 7.2 percent compared to fiscal year 2012, from $2.84 billion last year to $3.04 billion this year.

 

Net general revenue collections for November 2012 increased by 6.0 percent compared to those for November 2011, from $583.6 million to $618.7 million.

 

GROSS COLLECTIONS BY TAX TYPE

 

Individual income tax collections

• Increased 3.5 percent for the year, from $2.06 billion last year to $2.13 billion this year.
• Increased 4.8 percent for the month.

 

Sales and use tax collections

• Increased 0.6 percent for the year, from $776.2 million last year to $780.8 million this year.
• Decreased 6.5 percent for the month.

 

Corporate income and corporate franchise tax collections

• Decreased 5.5 percent for the year, from $144.8 million last year to $136.9 million this year.
• Decreased 59.4 percent for the month.

 

All other collections

• Increased 46.2 percent for the year, from $138.4 million last year to $202.3 million this year.
• Increased 143.2 percent for the month.

 

Refunds

• Decreased 25.2 percent for the year, from $281.5 million last year to $210.6 million this year.
• Decreased 25.6 percent for the month.