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For Immediate Release                                                                                              Contact:  Dan Haug

December 5, 2023                                                                                                                  573-751-2345

State Releases November 2023 General Revenue Report

JEFFERSON CITY, Mo. - State Budget Director Dan Haug announced today that net general revenue collections for November 2023 declined 1.2 percent compared to those for November 2022, from $1.01 billion last year to $1.00 billion this year.

Net general revenue collections for 2024 fiscal year-to-date decreased 2.2 percent compared to November 2022, from $5.15 billion last year to $5.04 billion this year.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

  • Decreased 8.2 percent for the year, from $3.66 billion last year to $3.36 billion this year.
  • Decreased 4.3 percent for the month.

Sales and use tax collections

  • Increased 12.8 percent for the year, from $1.26 billion last year to $1.42 billion this year.
  • Increased 5.9 percent for the month. 

Corporate income and corporate franchise tax collections

  • Increased 5.0 percent for the year, from $315.4 million last year to $331.3 million this year.
  • Increased 70.9 percent for the month.

All other collections

  • Increased 14.0 percent for the year, from $287.9 million last year to $328.4 million this year.
  • Decreased 3.6 percent for the month.

Refunds

  • Increased 8.0 percent for the year, from $363.6 million last year to $392.6 million this year.
  • Increased 1.5 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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