Missouri revenue collections rise by millions
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%