or login to your SBJ.net account
Forgot your password or username?
State's April revenue collections total $933M
Wednesday, May 02, 2012 5:21 AM
With April collections of $933.4 million, Missouri's fiscal year-to-date net general revenue collections increased 3.1 percent to $5.99 billion, compared to $5.81 billion by the same time in the prior fiscal year, according to a news release.
Fiscal 2012 year-to-date gross collections by tax type:
Individual income tax collections increased 2.8 percent to $4.87 billion, compared to $4.74 billion at the same time in fiscal 2011.
Sales and use tax collections rose 3.8 percent to $1.52 billion from $1.47 billion.
Corporate income and franchise tax collections decreased 6.3 percent to $349.9 million from $421.5 million.
All other collections fell 20 percent to $298.3 million from $372.9 million.
Refunds dropped 7.8 percent to $1.1 billion from $1.19 billion.
Total April collections increased 6.9 percent compared to the same month of fiscal 2011. April 2012 individual income tax collections increased 1.5 percent; sales and use tax collections rose 3.2 percent; corporate income and franchise tax collections increased 1.8 percent; all other collections decreased 18 percent; and refunds fell 20.8 percent, according to the release.
The release noted the General Revenue Fund repaid $325 million to the Budget Reserve Fund, the total amount it had borrowed.
SEARCH SPONSORED BY
Playboy to drop nudity as Internet fills demand
MSU staff recommends board approval on $26M Glass Hall bid
Council approves Springfield Plaza CID
AB InBev and SABMiller ink $104B 'in principle' deal
Hammons Products owner wins top Mo. chamber award
Facebook introduces new shopping features
Fantasy sports sites just had their biggest weekend ever
Tyson delivers 40K-pound donation to Ozarks Food Harvest
Report: Barclays to announce new CEO
Johnson & Johnson board approves $10B buyback plan
Opinion/Letters to the Editor
© 2015 Springfield Business Journal, Springfield, Missouri. All Rights Reserved. To contact SBJ, call (417) 831-3238.
Software © 1998-2015 1up! Software, All Rights Reserved