State Releases July 2023 General Revenue Report
JEFFERSON CITY, Mo. - State Budget Director Dan Haug announced today that 2024 fiscal year-to-date net general revenue collections decreased 7.4 percent compared to July 2022, from $970.3 million last year to $898.7 million this year.
GROSS COLLECTIONS BY TAX TYPE
Individual income tax collections
- Decreased 19.5 percent for the year, from $684.0 million last year to $550.8 million this year.
Sales and use tax collections
- Increased 37.3 percent for the year, from $248.5 million last year to $341.2 million this year.
Corporate income and corporate franchise tax collections
- Decreased 17.6 percent for the year, from $51.5 million last year to $42.5 million this year.
All other collections
- Increased 40.2 percent for the year, from $38.3 million last year to $53.7 million this year.
Refunds
- Increased 72.1 percent for the year, from $52.0 million last year to $89.6 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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