Tax Revenue Up in Missouri
Jefferson City, MO. – State tax revenues continue to rise.
A report released Wednesday shows Missouri's net general revenues grew by eight percent during August, compared to the same month a year ago.
Sales tax revenues were especially strong -- rising by nearly 13 percent.
But state officials are not drawing any connection to the state's first-ever sales tax holiday on back-to-school purchases.
Department of Revenue spokeswoman Jessica Robinson says August figures include weekly sales tax payments from the state's biggest retailers.
But August sales taxes are not due from most retailers until later this month.
The state waived sales taxes on school items from August 13th through 15th. Supporters hoped it would also encourage spending on other taxable items.