Missouri Releases December 2012 General Revenue Report

3 years 11 months 3 days ago January 04, 2013 Jan 4, 2013 Friday, January 04 2013 Friday, January 04, 2013 11:30:00 AM CST in News
By: Sarah Karney and Collin Ruane

JEFFERSON CITY - State Budget Director Linda Luebbering announced a 7.9 percent increase in the 2013 fiscal year-to-date net general revenue collections compared to the 2012 fiscal year on Friday.

Net general revenue collections increased by 10.7 percent in December 2012 from December 2011. Other gross collections by tax type for the year included:

-Individual income tax collections increased 5.7 percent for the year and increased 15.8 percent for the month.

-Sales and use tax collections increased 0.3 percent for the year and decreased 1.4 percent for the month.

-Corporate income and corporate franchise tax collections decreased 1.9 percent for the year and increased 5.2 percent for the month.

-All other collections increased 39.8 percent for the year and increased 10.8 percent for the month.

-Refunds decreased 21.8 percent for the year and increased 14.0 percent for the month.

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