State Budget Director Dan Haug announced Wednesday that net general revenue collections for May 2026 decreased 11.1 percent compared to those for May 2025, from $1.54 billion last year to $1.37 billion this year.
Net general revenue collections for 2026 fiscal year-to-date decreased 2.1 percent compared to May 2025, from $12.15 billion last year to $11.90 billion this year.
GROSS COLLECTIONS BY TAX TYPE
Individual income tax collections
Decreased 0.0 percent for the year, from $8.42 billion last year to $8.42 billion this year.
Decreased 11.8 percent for the month.
Pass through entity tax collections
Decreased 19.1 percent for the year, from $678.0 million last year to $548.7 million this year.
Decreased 13.2 percent for the month.
Sales and use tax collections
Increased 4.3 percent for the year, from $2.96 billion last year to $3.09 billion this year.
Decreased 1.9 percent for the month.
Corporate income and corporate franchise tax collections
Decreased 20.8 percent for the year, from $825.0 million last year to $653.5 million this year.
Decreased 18.7 percent for the month.
All other collections
Increased 0.8 percent for the year, from $942.8 million last year to $949.9 million this year.
Decreased 7.5 percent for the month.
Refunds
Increased 5.3 percent for the year, from $1.67 billion last year to $1.76 billion this year.
Increased 4.7 percent for the month.
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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