State Revenue Report For December

State Budget Director Dan Haug announced Friday net general revenue collections for December 2018 increased 6.2 percent compared to those for December 2017, from $813.1 million last year to $863.9 million this year.

Net general revenue collections for 2018 decreased 2.9 percent compared to December 2017, from $4.44 billion last year to $4.31 billion this year.

GROSS COLLECTIONS BY TAX TYPE

 

Individual income tax collections

  • Decreased 3.7 percent for the year, from $3.22 billion last year to $3.10 billion this year.
  • Decreased 0.5 percent for the month.

Sales and use tax collections

  • Increased 4.1 percent for the year, from $1.06 billion last year to $1.10 billion this year.
  • Increased 12.1 percent for the month.

Corporate income and corporate franchise tax collections

  • Decreased 2.0 percent for the year, from $227.5 million last year to $223.0 million this year.
  • Decreased 13.3 percent for the month.

All other collections

  • Decreased 3.6 percent for the year, from $223.8 million last year to $215.8 million this year.
  • Increased 28.3 percent for the month.

Refunds

  • Increased 13.3 percent for the year, from $299.0 million last year to $338.9 million this year.
  • Decreased 69.3 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.