Saturday 10th May 2025

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State Budget Director Dan Haug has announced that July 2020 net general revenue collections increased 96.4 percent compared to July 2019, from $588.4 million last year to $1.16 billion this year. The income tax deadline was extended from April 15 to July 15, 2020.

A news release says:
GROSS COLLECTIONS BY TAX TYPE
Individual income tax collections:
· Increased 121.0 percent for the year, from $414.2 million last year to $915.6 million this year.
Sales and use tax collections:
· Increased 1.1 percent for the year, from $179.8 million last year to $181.8 million this year.
Corporate income and corporate franchise tax collections:
· Increased 490.5 percent for the year, from $24.0 million last year to $141.8 million this year.
All other collections:
· Decreased 16.2 percent for the year, from $21.9 million last year to $18.4 million this year.
Refunds:
· Increased 98.0 percent for the year, from $51.6 million last year to $102.2 million this year.

The figures included in the monthly general revenue report represent a snapshot in time and can vary widely based on a multitude of factors.