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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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