Missouri Office of Administration

*For Immediate Release Contact: Dan Haug*

*December 9, 2020 573-751-2345*



*State Releases November 2020 General Revenue Report*

*JEFFERSON CITY, MO* - State Budget Director Dan Haug announced today that net general revenue collections for November 2020 increased 14.5 percent compared to those for November 2019, from $708.5 million last year to $811.1 million this year.

Net general revenue collections for 2021 fiscal year-to-date increased 23.3 percent compared to November 2019, from $3.68 billion last year to $4.53 billion this year.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

* Increased 27.9 percent for the year, from $2.67 billion last year to $3.42 billion this year.
* Increased 5.3 percent for the month.

Sales and use tax collections

* Increased 3.1 percent for the year, from $953.1 million last year to $983.0 million this year.
* Increased 7.0 percent for the month.

Corporate income and corporate franchise tax collections

* Increased 66.2 percent for the year, from $174.0 million last year to $289.2 million this year.
* Increased 112.4 percent for the month.

All other collections

* Increased 23.0 percent for the year, from $156.2 million last year to $192.1 million this year.
* Increased 164.9 percent for the month.

Refunds

* Increased 25.5 percent for the year, from $276.4 million last year to $346.9 million this year.
* Decreased 25.9 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."

###




* PR 2020-11.xlsx [ [link removed] ]

Missouri Department of Administrative Services [ [link removed] ]
STAY CONNECTED: Follow us on Twitter [ [link removed] ] Find us on Facebook [ [link removed] ] Sign up for email updates [ [link removed] ] Follow us on YouTube [ [link removed] ]

Bookmark and Share [ [link removed] ]




SUBSCRIBER SERVICES:



Preferences [ [link removed] ]|Help [ [link removed] ]
Unsubscribe [ [link removed] ]|Contact Us [ [link removed] ]





________________________________________________________________________

This email was sent to [email protected] using GovDelivery Communications Cloud on behalf of: Missouri Office of Administration 301 West High Street Jefferson City, MO 65101 GovDelivery logo [ [link removed] ]