For Immediate Release Contact: Dan Haug

For Immediate Release Contact: Dan Haug

<p> State of Missouri OFFICE OF ADMINISTRATION Post Office Box 809 Jefferson City, Missouri 65102 Eric R. Greitens Phone: (573) 751-1851 Sarah H. Steelman Governor FAX: (573) 751-1212 Commissioner NEWS RELEASE</p><p>For Immediate Release Contact: Dan Haug January 3, 2018 573-751-2345</p><p>State Releases December 2017 General Revenue Report</p><p>State Budget Director Dan Haug announced today that 2018 fiscal year-to-date net general revenue collections increased 4.13 percent compared to 2017, from $4.26 billion last year to $4.44 billion this year.</p><p>Net general revenue collections for December 2017 remained flat at 0.0 percent compared to those for December 2016, from $813.1 million last year to $813.1 million this year. </p><p>GROSS COLLECTIONS BY TAX TYPE</p><p>Individual income tax collections  Increased 2.2 percent for the year, from $3.15 billion last year to $3.22 billion this year.  Decreased 4.3 percent for the month.</p><p>Sales and use tax collections  Increased 0.8 percent for the year from $1.05 billion last year to $1.06 billion this year.  Increased 1.5 percent for the month.</p><p>Corporate income and corporate franchise tax collections  Increased 26.5 percent for the year, from $179.9 million last year to $227.5 million this year.  Increased 45.3 percent for the month.</p><p>All other collections  Increased 4.4 percent for the year, from $214.4 million last year to $223.8 million this year.  Decreased 14.3 percent for the month.</p><p>Refunds  Decreased 11.8 percent for the year, from $339.1 million last year to $299.0 million this year.  Decreased 7.1 percent for the month.</p><p>Note: The FY 2018 total refund line includes Debt Offset Escrow amounts, which had not previously been included in the FY 2017 refund amount. The figures included in the monthly general revenue report represent a snapshot in time and can vary widely based on a multitude of factors.</p><p>###</p>

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