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State Releases March 2021 General Revenue Report

JEFFERSON CITY, MO - State Budget Director Dan Haug announced today that net general revenue collections for March 2021 decreased 10.6 percent compared to those for March 2020, from $727.6 million last year to $650.2 million this year.

Net general revenue collections for 2021 fiscal year-to-date increased 15.3 percent compared to March 2020, from $6.80 billion last year to $7.85 billion this year.

GROSS COLLECTIONS BY TAX TYPE  

Individual income tax collections

  • Increased 16.4 percent for the year, from $5.28 billion last year to $6.15 billion this year.
  • Increased 16.3 percent for the month.

 

Sales and use tax collections

  • Increased 3.5 percent for the year from $1.72 billion last year to $1.78 billion this year.
  • Increased 7.1 percent for the month.

 

Corporate income and corporate franchise tax collections

  • Increased 36.7 percent for the year, from $337.3 million last year to $461.1 million this year.
  • Decreased 15.7 percent for the month.

 

All other collections

  • Increased 10.3 percent for the year, from $361.3 million last year to $398.6 million this year.
  • Increased 1.6 percent for the month.

 

Refunds

  • Increased 5.0 percent for the year, from $897.9 million last year to $943.0 million this year.
  • Increased 96.1 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.

 

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