Missouri State Releases June 2019 General Revenue Report

JEFFERSON CITY, MO (STL.News) – Missouri State Budget Director Dan Haug announced Wednesday that net general revenue collections for June 2019 decreased 8.3 percent compared to those for June 2018, from $940.0 million last year to $862.2 million this year.

Net general revenue collections for 2019 fiscal year-to-date increased 1.0 percent compared to June 2018, from $9.47 billion last year to $9.57 billion this year.

MISSOURI GROSS COLLECTIONS BY TAX TYPE

Missouri Sales & use tax collections

  • Increased 1.8 percent for the year, from $2.20 billion last year to $2.24 billion this year.
  • Decreased 12.3 percent for the month.

Missouri Individual income tax collections

  • Decreased 1.1 percent for the year, from $7.73 billion last year to $7.65 billion this year.
  • Increased 1.4 percent for the month.

Missouri Corporate income and corporate franchise tax collections

  • Increased 14.0 percent for the year, from $461.7 million last year to $526.6 million this year.
  • Decreased 1.7 percent for the month.

Missouri – All other collections

  • Decreased 2.8 percent for the year, from $533.2 million last year to $518.3 million this year.
  • Decreased 15.8 percent for the month.

Refunds

  • Decreased 6.2 percent for the year, from $1.45 billion last year to $1.36 billion this year.
  • Increased 51.3 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.