State Budget Director Dan Haug announced Thursday that net general revenue collections for February 2025 increased 5.9 percent compared to those for February 2024, from $830.3 million last year to $879.1 million this year.
Net general revenue collections for 2025 fiscal year-to-date decreased 1.4 percent compared to February 2024, from $8.42 billion last year to $8.30 billion this year.
GROSS COLLECTIONS BY TAX TYPE
Individual income tax collections
Decreased 0.2 percent for the year, from $5.50 billion last year to $5.49 billion this year.
Decreased 24.4 percent for the month.
Pass Through Entity tax collections
Increased 9.0 percent for the year, from $382.7 million last year to $417.1 million this year.
Decreased 106.5 percent for the month.
Sales and use tax collections
Decreased 1.4 percent for the year, from $2.21 billion last year to $2.18 billion this year.
Increased 11.8 percent for the month.
Corporate income and corporate franchise tax collections
Decreased 9.8 percent for the year, from $575.9 million last year to $519.6 million this year.
Decreased 38.7 percent for the month.
All other collections
Increased 4.8 percent for the year, from $560.4 million last year to $587.3 million this year.
Increased 9.7 percent for the month.
Refunds
Increased 9.7 percent for the year, from $807.8 million last year to $886.4 million this year.
Increased 12.4 percent for the month.
Pass-Through Entity tax collections were previously reported within Individual Income, which makes growth in Individual Income tax collections appear artificially low.
The figures included in the monthly general revenue report represent a snapshot in time and can vary widely based on a multitude of factors.
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