JEFFERSON CITY, MO – State Budget Director Linda Luebbering announced Wednesday that 2012 fiscal year-to-date net general revenue collections increased 3.1 percent compared to 2011, from $5.81 billion last year to $5.99 billion this year.

Net general revenue collections for April 2012 increased by 6.9 percent compared to those for April 2011, from $872.9 million to $933.4 million.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

  • Increased 2.8 percent for the year, from $4.74 billion last year to $4.87 billion this year.
  • Increased 1.5 percent for the month.

 

Sales and use tax collections

  • Increased 3.8 percent for the year from $1.47 billion last year to $1.52 billion this year.
  • Increased 3.2 percent for the month.

 

Corporate income and corporate franchise tax collections

  • Decreased 6.3 percent for the year, from $421.5 million last year to $394.9 million this year.
  • Increased 1.8 percent for the month.

 

All other collections

  • Decreased 20.0 percent for the year, from $372.9 million last year to $298.3 million this year.
  • Decreased 18.0 percent for the month.

 

Refunds

  • Decreased 7.8 percent for the year, from $1.19 billion last year to $1.10 billion this year.
  • Decreased 20.8 percent for the month.

 

Note: The General Revenue Fund repaid $325 million to the Budget Reserve Fund, which is the total amount owed.