State Releases July 2022 General Revenue Report
Jefferson City, MO - State Budget Director Dan Haug announced today that 2023 fiscal year-to-date net general revenue collections increased 38.3 percent compared to July 2021, from $701.3 million last year to $970.3 million this year.
GROSS COLLECTIONS BY TAX TYPE
Individual income tax collections
- Increased 42.3 percent for the year, from $480.5 million last year to $684.0 million this year.
Sales and use tax collections
- Increased 16.9 percent for the year, from $212.5 million last year to $248.5 million this year.
Corporate income and corporate franchise tax collections
- Increased 12.1 percent for the year, from $46.0 million last year to $51.5 million this year.
All other collections
- Increased 96.1 percent for the year, from $19.5 million last year to $38.3 million this year.
Refunds
- Decreased 9.0 percent for the year, from $57.2 million last year to $52.0 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.
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