OA50

For Immediate Release                                                                                              Contact:  Dan Haug

August 3, 2023                                                                                                                         573-751-2345

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.

###

This email was sent to [email protected] using GovDelivery Communications Cloud on behalf of: Missouri Office of Administration · 301 West High Street · Jefferson City, MO 65101 GovDelivery logo