State releases September 2016 general revenue report

Acting State Budget Director Dan Haug announced that 2016 fiscal year-to-date net general revenue collections increased 3.6 percent compared to 2015, from $2.10 billion last year to $2.17 billion this year.

Net general revenue collections for September 2016 increased by 5.8 percent compared to those for September 2015, from $842.1 million to $891.1 million.

Gross collections by tax type

Individual income tax collections

• Increased 4.6 percent for the year, from $1.50 billion last year to $1.57 billion this year.

• Increased 3.1 percent for the month.

Sales and use tax collections

• Increased 2.3 percent for the year, from $523.9 million last year to $536.2 million this year.

• Increased 9.4 percent for the month.

Corporate income and corporate franchise tax collections

• Decreased 21.8 percent for the year, from $126.3 million last year to $98.8 million this year.

• Decreased 19.2 percent for the month.

All other collections

• Increased 2.6 percent for the year, from $92.1 million last year to $94.5 million this year.

• Increased 90.2 percent for the month.

Refunds

• Decreased 12.3 percent for the year, from $147.1 million last year to $128.9 million this year.

• Decreased 19.5 percent for the month.