Updates & Alerts

As the Legislature debates a new state budget and revisions to tax policy, here is some data on what revenues flow into the General Fund. 

Updated April 26, 2017

FY 16/17                                                        

Sales Tax:              $1.550 billion    

Income Tax:            $2.285 billion            

Corporate:              $240 million              

Miscellaneous:        $225 million             

Total:                     $4.3 billion    

FY 17/18

Sales Tax:              $1.625 billion          

Income Tax:            $2.425 billion          

Corporate:              $265 million            

Miscellaneous:        $180 million    

Total:                     $4.495 billion    

FY 18/19  

Sales Tax:              $1.710 billion          

Income Tax:            $2.550 billion          

Corporate:              $280 million            

Miscellaneous:        $175 million    

Total:                     $4.715 billion    

 

What are Miscellaneous Taxes? 

  • Alcoholic Beverage Tax
  • Charitable Gaming Tax
  • Cigarettes and Tobacco Products Taxes
  • Corporate Occupation Tax
  • Financial Institutions Tax
  • Insurance Premium Tax
  • Mechanical Amusement Devices Tax
  • Pari-Mutuel Wagering Tax
  • Uranium Severance Tax 

Questions?

Contact Jennifer Creager or Tim Stuart at 402-474-4960.

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