OA50

*For Immediate Release                                                                                              Contact:  Dan Haug*

*July 6, 2023                                                                                                                         573-751-2345*

*State Releases June 2023 General Revenue Report*

*JEFFERSON CITY, Mo.* - State Budget Director Dan Haug announced today that net general revenue collections for June 2023 declined (17.1) percent compared to those for June 2022, from $1.47 billion last year to $1.22 billion this year.

Net general revenue collections for 2023 fiscal year-to-date increased 2.7 percent compared to June 2022, from $12.88 billion last year to $13.23 billion this year.

*GROSS COLLECTIONS BY TAX TYPE*

*_Individual income tax collections_*


* Increased 0.1 percent for the year, from $9.97 billion last year to $9.98 billion this year.
* Decreased 25.8 percent for the month.

*_Sales and use tax collections_*


* Increased 7.2 percent for the year, from $2.75 billion last year to $2.94 billion this year.
* Increased 15.6 percent for the month. 

*_Corporate income and corporate franchise tax collections_*


* Increased 16.4 percent for the year, from $909.7 million last year to $1.06 billion this year.
* Decreased 9.0 percent for the month.

*_All other collections_*


* Increased 41.7 percent for the year, from $610.1 million last year to $864.2 million this year.
* Increased 43.8 percent for the month.

*_Refunds_*


* Increased 19.1 percent for the year, from $1.36 billion last year to $1.62 billion this year.
* Increased 75.8 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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* June 2023 (FY23) GR detail.xlsx [ [link removed] ]

  Missouri Department of Administrative Services [ [link removed] ]
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