December 5, 2017

State releases November 2017 General Revenue Report

JEFFERSON CITY - State Budget Director Dan Haug announced Monday that November 2017 net general revenue collections increased 8.2 percent compared to November 2016, from $687.2 million last year to $743.8 million this year.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

Increased 3.7 percent for the year, from $2.59 billion last year to $2.69 billion this year.

Increased 3.2 percent for the month.

Sales and use tax collections:

Increased 0.7 percent for the year from $882.5 million last year to $888.3 million this year. Increased 5.1 percent for the month.

Corporate income and corporate franchise tax collections:

Increased 16.6 percent for the year, from $118.2 million last year to $137.8 million this year. Increased 17.9 percent for the month.

All other collections:

Increased 12.6 percent for the year, from $148.7 million last year to $167.5 million this year. Increased 70.5 percent for the month.

Refunds:

Decreased 12.5 percent for the year, from $294.8 million last year to $257.9 million this year. Decreased 16.5 percent for the month.

Note: The FY 2018 total refund line includes Debt Offset Escrow amounts, which had not previously been included in the FY 2017 refund amount.

The figures included in the monthly general revenue report represent a snapshot in time and can vary widely based on a multitude of factors.