Missouri revenue collections rise by millions

3 years 1 month 2 weeks ago Monday, August 04 2014 Aug 4, 2014 Monday, August 04, 2014 9:09:00 AM CDT August 04, 2014 in News
By: Hanna Knutson, KOMU 8 Digital Producer

JEFFERSON CITY - The state of Missouri's July 2014 net general revenue collections have increased 6.5% compared to July 2013. State Budget Director Linda Luebbering announced Monday last year's general revenue collections rose from $481.4 million to $512.9 million. 

The collections by tax type this year compared to last year were:

Individual income tax collections- Increased 9.2% 

Sales and use tax collections- Decreased 0.2% 

Corporate income and corporate franchise tax collections- Decreased 7.2%

All other collections- Increased 32.6%

Refunds- Increased 7.3%

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