State releases August 2016 General Revenue report

State Acting Budget Director Dan Haug announced today August 2016 net general revenue collections decreased 1.4 percent compared to August 2015, from $751.3 million last year to $740.6 million this year.

Gross collections by tax type

Individual income tax collections

•Increased 5.6 percent for the year, from $907.3 million last year to $958.0 million this year.

•Increased 5.4 percent for the month.

Sales and use tax collections

•Decreased 0.82 percent for the year from $361.1 million last year to $358.1 million this year.

•Decreased 4.3 percent for the month.

Corporate income and corporate franchise tax collections

•Decreased 28.7 percent for the year, from $34.0 million last year to $24.3 million this year.

•Decreased 16.5 percent for the month.

All other collections

•Decreased 36.0 percent for the year, from $64.0 million last year to $41.0 million this year.

•Decreased 28.6 percent for the month.

Refunds

•Decreased 9.7 percent for the year, from $108.2 million last year to $97.7 million this year.

•Increased 33.9 percent for the month.